Fraser Whineray will resign as Fonterra’s chief operating officer at the end of this financial year on July 31.
Chief executive officer Miles Hurrell said Whineray joined Fonterra in 2020 and has made a significant contribution during his time with the business.
“Fraser has set the co-op ambitious goals for decarbonisation and the management of water, and his enterprise leadership helped shape our new strategy and 2030 targets.
“He will leave our operations business unit in great shape with a longer-term outlook and a sharp focus on efficiency.”
Hurrell said Whineray had indicated he intends to embark on a new career path and is looking to become more involved in venture capital as an investor and governor.
“I wish him well with this endeavour.I thank Fraser for his leadership of a critical part of our business, and for his support to me and the wider Fonterra management team.”
Whineray will stay on until the end of July to help with finding a successor and to ensure a smooth handover.
