Fonterra names Paravicini COO Global Consumer, Food Service

Wednesday 1st March 2017

Dairy giant Fonterra Cooperative Group has appointed Lukas Paravicini chief operating officer, global consumer and food service, effective June 1.

Paravicini, who is currently the dairy cooperative's chief financial officer, replaces Jacqueline Chow who was appointed to the role in June 2016. At the time, Fonterra indicated she would lead the unit until the first half of 2017 when she would return to Australia to pursue a board career. The global consumer and food service unit is a key part of Fonterra's operating strategy as it seeks to sell more volumes of milk at a higher value.

Paravicini "has an in-depth understanding of global brands and the importance of meeting and anticipating the needs of customers through constant innovation and world-class performance," said Fonterra chief executive Theo Spierings.

Fonterra is proceeding with the appointment of a new chief financial officer and aims to announce it over the coming months, said Spierings.

BusinessDesk.co.nz

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