Miles Hurrell: Leadership in the Dairy Industry

Miles Hurrell has been a significant figure in the global dairy sector, showcasing his leadership at Fonterra, the world's leading dairy cooperative. With 25 years of experience at Fonterra, Hurrell became CEO in 2018. During his tenure, he led a strategic reset focusing on sustainability and higher-value dairy ingredients.

Biography

Miles Hurrell's career at Fonterra spans over two decades, highlighting his deep understanding and expertise in the dairy market. Under his guidance, Fonterra has strategically navigated global challenges, concentrating on sustainable value creation and resilience in the dairy market. He has emphasized core business areas such as Ingredients and Foodservice, and the importance of being prepared for potential market shifts.

Important Events in Miles Hurrell's Career

• March 8, 2022: Announced strategic modifications to Fonterra's operations in Australia to enhance capital returns while maintaining a strong market presence.
• Initiated divestment plans in Malaysia to bolster financial stability and explore expansion opportunities.
• Advocated for sustainability by engaging with community groups like "Don't Burn Waipā," incorporating feedback into Fonterra's sustainability strategies.
• Addressed industry challenges by advocating strategies to combat declining milk supply, ensuring resilience and competitiveness.
• Supported strategic divestments in regions like Oceania and Sri Lanka, aligning with Fonterra's broader strategic goals.
• Voiced concerns about international trade policies, particularly U.S. tariffs, and their effects on New Zealand's dairy exports.
• Engaged in legislative matters by advocating for an extension on the GMO bill submission period.

Despite global market volatility, Hurrell demonstrated a commitment to delivering strong shareholder returns, as evidenced by a 22-cent interim dividend for the financial year 2025. He expressed confidence in achieving a record farmgate milk price close to NZ$10 per kilogram of milk solids this season.

Leadership Transition

The recent resignation of Miles Hurrell marks a leadership transition at Fonterra. After 25 years at the company, Hurrell stepped down from his role as CEO, with Richard Allen succeeding him in May. Hurrell will remain in an advisory role at Fonterra until September 2026 to ensure a smooth leadership transition.

Modified: 2026/08/16