Fonterra announces changes to management team

12 March 2025

Fonterra announces changes to management team

Fonterra has today announced changes to its management team as a next step in implementing its
strategy.

CEO Miles Hurrell says as the Co-operative moves to divest its Consumer and associated businesses
now is the time to make changes to management team roles responsible for driving end-to-end value
through Fonterra’s global Foodservice and Ingredients businesses.

Richard Allen will lead Fonterra’s global Ingredients business as President – Global Ingredients, with his
remit expanding to include the Co-op's Ingredients businesses in Greater China and Middle East Africa.

Most recently, Richard has led Fonterra’s Ingredients business across markets including North America,
North Asia, Asia Pacific and Europe.

Teh-han Chow will lead Fonterra’s global Foodservice business as President – Global Foodservice with
his remit expanding to include the Co-op's Foodservice businesses in South East Asia, Middle East Africa
and other markets. In addition to this, Teh-han will continue as the CEO for Greater China.

“This is an exciting time for the Co-op as we shift to the front foot and drive greater value creation through
our high-performing Foodservice and Ingredients businesses. Enabling our teams to have a clear end-to-
end view of our channels will strengthen their ability and focus to deliver end-to-end value to our farmer
shareholders,” says Mr Hurrell.

“Both Richard and Teh-han have extensive knowledge across these channels, and I know they are well
placed to lead these teams to help the Co-op deliver our strategic goals.”

With the South East Asia and Middle East Africa Foodservice teams now transitioning to Mr Chow, René
Dedoncker’s title will change from Managing Director Global Markets Consumer and Foodservice to
Managing Director Global Markets Consumer as he leads those businesses in scope for divestment.


-ENDS-

For further information contact:

Fonterra Communications
24-hour media line
Phone: +64 21 507 072