Fonterra’s board, under heavy fire for the losses racked up in the last two years, may at last be getting something right. Its recruitment of Mercury’s CEO Fraser Whineray to the newly created post of chief operating officer puts him in pole position to drive innovation, efficiency, and sustainability in the co-op.
When he joins Fonterra next year he will bring with him the credentials of having transformed Mercury, simplifying the business through the divestment of overseas interests and developing a compelling strategy for sustainable growth.
Harbour Asset Management’s Shane Solly said Whineray adds “a bit of grunt to the front row at Fonterra”.
In that context, Point of Order notes, Whineray would be following the example of his renowned uncle, the late Sir Wilson Whinerary, who not only captained the All Blacks from the front row, but subsequently had a successful career as a businessman and company director. Continue reading “Fraser Whineray: a results-oriented business leader with a track record on decarbonisation”