Who is the new CEO of Fonterra?

Richard Allen has been promoted to chief executive officer of Fonterra, effective May 1, 2026.

What business did Fonterra sell?

Fonterra has completed the sale of its consumer business to the French dairy company Lactalis.

What is Fonterra's new business focus?

Fonterra is now strategically refocusing its operations on producing high-value ingredients from New Zealand milk.

Home / Business and Economy / Fonterra CEO Richard Allen Takes Helm Amid Major Shift

Fonterra CEO Richard Allen Takes Helm Amid Major Shift

13 Apr

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Summary

Richard Allen appointed new CEO effective May 1, 2026.
Sale of consumer business to Lactalis is now complete.
Fonterra to concentrate on high-value ingredients from NZ milk.

Fonterra CEO Richard Allen Takes Helm Amid Major Shift

Fonterra Cooperative Group announced Richard Allen's promotion to chief executive officer, with his tenure beginning May 1, 2026. This appointment follows the recent sale of the company's consumer business to French dairy firm Lactalis.

Allen, who joined Fonterra in 2008, currently leads the global ingredients division. His extensive experience with Fonterra's worldwide operations and client relationships makes him well-suited for the role.

The cooperative is now sharpening its focus on manufacturing premium ingredients from New Zealand milk. This strategic pivot moves away from its previous consumer-facing operations.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.