Richard Allen: A Leading Figure in the Dairy Industry

Richard Allen has established himself as a key player in the dairy sector through a distinguished career. He joined Fonterra in 2008 and has since held several significant roles, including head of Fonterra's farmer-facing business, Farm Source, and President of Fonterra's Atlantic Region.

Current Role at Fonterra

As the President of Global Markets Ingredients, Richard Allen leads strategic initiatives to supply dairy components to global food companies. He emphasizes sustainability and innovation, ensuring Fonterra's products are environmentally friendly and technologically advanced.

Significant Contributions and Events

Under Allen's leadership, Fonterra has significantly reduced the carbon footprint associated with dairy farming and processing. He has directed a strategic overhaul of Fonterra's global market strategies, focusing on emerging markets and launching new distribution channels. His efforts in the Atlantic Region enhanced Fonterra's brand visibility and market share.

Future Role

Richard Allen is set to succeed Miles Hurrell as CEO of Fonterra on May 1, 2026. His tenure is marked by the sale of Fonterra's global consumer brands and ingredients businesses to Lactalis for NZ$3.3 billion, and a 'year of delivery' with near-record milk collection and shipping volumes in FY26. He attributes changes in the milk-price forecast to improving demand for whole milk powder and skim milk powder.

Richard Allen outlined Fonterra's approach at the China International Import Expo in Shanghai, describing changes observed during recent visits to markets including Chengdu in Sichuan province.