Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Fonterra Corporate Finance Management Team

April 23, 2001

Fonterra Corporate Finance Management Team Now In Place

Craig Stephen has been appointed Associate Director, Corporate Finance for Fonterra Co-operative Group Ltd, the company announced today. Mr Stephen will report to Alex Duncan, Director, Corporate Finance.

Mr Stephen has extensive experience in capital structuring, debt restructuring and risk management, in the dairy industry and corporate banking environments.

Most recently, he has worked as a member of the finance integration team since the formation of Fonterra in October last year. During this time, he was instrumental in leading a number of key finance projects including the successful NZ$200 million issue of Fonterra Capital Notes.

Mr Stephen was Group Treasurer at Kiwi Co-operative Dairies Limited for five years, a time of significant growth for the company leading up to the merger of the dairy industry. Prior to this, he worked in a number of corporate banking roles with Westpac in New Zealand from 1992 to 1996.

The Fonterra corporate finance team is responsible for developing strategies to optimise portfolio risk exposure, including capital structure, foreign exchange and commodity price risks. It is also responsible for investor relations and for analysis of the impact of the company's strategies on its value

Mr Stephen's appointment is effective immediately. He will be based at the Fonterra Corporate Centre in Auckland.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Climate Summary: NZ’s Equal-2nd Warmest Year On Record

Annual temperatures were above average (+0.51°C to +1.20°C above the annual average) across the majority of New Zealand... 2018 was the equal 2nd-warmest year on record for New Zealand, based on NIWA’s seven-station series which began in 1909. More>>


GDP: Economic Growth Dampens In The September Quarter

Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today... GDP per capita was flat in the September 2018 quarter, following an increase of 0.5 percent in the June 2018 quarter. More>>


Up $1.20: $17.70 Minimum Wage For 2019

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>


Retail: IKEA To Open In New Zealand

Inter IKEA Systems B.V. is today announcing its intentions to grant the Ingka Group exclusive rights to explore expansion opportunities in New Zealand. More>>