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Fonterra Senior Corporate Treasury Appointments

Fonterra Announces Senior Corporate Treasury Appointments

Mary-Jane Daly has been appointed Group Treasurer and Mark Aldridge Deputy Group Treasurer for Fonterra Co-operative Group Ltd, Group Controller, Bryce Houghton, announced today.

Mr Houghton said that the two appointments would create strong leadership for the treasury team which is responsible for managing the company's cash flow and debt portfolio, including the associated risks. "With Mary-Jane's breadth of international experience in corporate banking and capital markets and Mark's depth of in-house treasury expertise, Fonterra has secured an outstanding team to spearhead its corporate treasury function. "

Most recently, Ms Daly was Director, New Zealand, Global Industry Group at the Bank of New Zealand. As part of this role she was responsible for the Bank's key corporate relationships, including the dairy sector. Prior to that, Ms Daly spent nine years in London in a range of senior finance roles with National Australia Bank and Toronto-Dominion Bank. Her extensive financing background includes experience in treasury, capital markets, vanilla and structured debt; and cash management and international banking.

Mr Aldridge joins Fonterra from Carter Holt Harvey where he has worked for the past three years as Manager Treasury Risk, Corporate Treasury. He previously spent six years with ECNZ in senior corporate treasury and dealing positions and worked with National Australia Bank for several years in a variety of dealing and funding roles

The Group Treasury function reports to Mr Houghton. Ms Daly takes up her appointment on April 22 and Mr Aldridge on May 1. They will be based at the Fonterra Corporate Centre in Auckland.

END


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