New Zealand's Fonterra CFO Andrew Murray resigns, to leave company at end-2026 (updated)

Mondelez International

16/10/2026 01:58

Updates with share moves
Oct 16 (Reuters) - New Zealand's Fonterra FCG.NZ said on Friday that Chief Financial Officer Andrew Murray had resigned to take up a role outside the company. 
 
Here are some more details: 
Murray joined Fonterra in February 2023 as the commercial director of its global markets division, before taking over as group CFO a year later
During his tenure, he helped steer major strategic initiatives designed to strengthen the dairy firm's long-term performance and future growth prospects, the firm said
Prior to Fonterra, Murray was the finance chief of Simplot Australia, a diversified agribusiness firm, and held senior finance roles at Cadbury parent Mondelez International MDLZ.O 
Murray will remain CFO until the end of 2026, Fonterra said, adding it would start the recruiting process for a new CFO immediately
In March, Fonterra named insider Richard Allen as its CEO following the resignation of Miles Hurrell
Fonterra shares were 0.9% higher at NZ$5.42, as of 0053 GMT


 (Reporting by Rudrannsh Mehra; Editing by Perla Velasco and Subhranshu Sahu)
 ((Rudrannsh.Mehra@thomsonreuters.com))