Miles Hurrell: Leadership in the Dairy Industry

Position

CEO of Fonterra

Biography

Miles Hurrell has emerged as a pivotal figure in the global dairy sector, showcasing his leadership at Fonterra, the world's leading dairy cooperative. His rapid rise within the company underscores his deep understanding and expertise in the dairy market. Under his guidance, Fonterra has strategically navigated global challenges, focusing on sustainable value creation and resilience in the dairy market.

Current Place of Work

Fonterra

Important Events in Miles Hurrell's Career

• March 8, 2022: Announced strategic modifications to Fonterra's operations in Australia, enhancing capital returns while maintaining a strong market presence.
• Repositioning in Malaysia: Initiated divestment plans for specific global consumer segments to bolster financial stability and explore expansion opportunities.
• Advocacy for Sustainability: Engaged with community groups like Don't Burn Waipā, incorporating feedback into Fonterra's sustainability strategies.
• Addressing Industry Challenges: Advocated strategies to combat challenges such as declining milk supply, ensuring resilience and competitiveness.
• Divestment Decisions: Supported strategic divestments in regions like Oceania and Sri Lanka, aligning with Fonterra's broader strategic goals.
• Trade Concerns: Voiced concerns about international trade policies, particularly U.S. tariffs, and their effects on New Zealand's dairy exports.
• Legislative Engagement: Advocated for an extension on the GMO bill submission period, demonstrating involvement in legislative matters impacting the dairy industry.

Miles Hurrell's strategic acumen has been instrumental in steering Fonterra towards greater global prominence. He maintains a focus on core business areas such as Ingredients and Foodservice and emphasizes the importance of being prepared for potential market shifts. Despite global market volatility, Hurrell is committed to delivering strong shareholder returns, as evidenced by a 22-cent interim dividend for the financial year 2025. His leadership continues to guide Fonterra in adapting to geopolitical uncertainties and market demands. Greenpeace has challenged Fonterra CEO Miles Hurrell to address the nitrate crisis publicly, highlighting the ongoing environmental dialogue within the industry. Fonterra’s CEO has expressed confidence in achieving a record farmgate milk price close to NZ$10 per kilogram of milk solids this season.

Miles Hurrell’s remuneration is governed by a Short-Term Incentive (STI) plan and the new Alignment Rights Long-Term Incentive (LTI) plan, with his STI achievement for the latest financial year amounting to $2.5 million. A 'big payday looms' for Hurrell starting in 2026, driven by the likely full vesting of FY2024 LTI grants.

Modified: 2025/10/19