Fonterra Explores Divestment Options with Dual-Track Strategy
Source: dairynews.today
Fonterra considers both a trade sale and IPO for divestment, appointing experienced executive Anne to the Mainland Group board.
Fonterra is actively undertaking a dual-track process, pursuing both a trade sale and initial public offering (IPO) as potential divestment options.
Fonterra chair Peter McBride highlights the value of Anne's extensive experience in executive and board roles across sectors such as banking, financial services, consumer goods, and energy. Her career includes 25 years as a banking executive in global roles, with governance roles at CBA Group and Blackmores Group, enhancing the Mainland Group board.
This appointment follows the announcement of Elizabeth Coutts as chair-elect of the Mainland Group board. Fonterra is also advancing the trade sale process, engaging with potential purchasers and moving towards seeking regulatory approvals.
Fonterra chair Peter McBride highlights the value of Anne's extensive experience in executive and board roles across sectors such as banking, financial services, consumer goods, and energy. Her career includes 25 years as a banking executive in global roles, with governance roles at CBA Group and Blackmores Group, enhancing the Mainland Group board.
This appointment follows the announcement of Elizabeth Coutts as chair-elect of the Mainland Group board. Fonterra is also advancing the trade sale process, engaging with potential purchasers and moving towards seeking regulatory approvals.
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