Fonterra loses APMEA chief

19 Mar 2015

Fonterra has announced the resignation of Pascal De Petrini, Managing Director of the co-operative’s Asia Pacific, Middle East and Africa (APMEA) business unit, and member of Fonterra’s management team. Petrini has decided to return to France to accept a role with his former company, Danone, as Executive Vice President Strategic Resource Cycles in mid-June this […]

Fonterra loses APMEA chief

http://www.dreamstime.com/stock-images-letter-resignation-close-up-image31605564Fonterra has announced the resignation of Pascal De Petrini, Managing Director of the co-operative’s Asia Pacific, Middle East and Africa (APMEA) business unit, and member of Fonterra’s management team.

Petrini has decided to return to France to accept a role with his former company, Danone, as Executive Vice President Strategic Resource Cycles in mid-June this year.

“Since joining Fonterra in October 2013, Pascal has strengthened our consumer and foodservice business,” Fonterra Chief Executive, Theo Spierings said. “He is a strong team player who has set a clear, focused strategy to drive both volume and value in our key APMEA markets. We respect his decision to accept a new challenge and thank him for his leadership of our APMEA business during his time with the co-operative.”

“APMEA continues to play a major role in enabling us to achieve our ambition to become a global Co-operative and we remain committed to the APMEA region and growing our consumer-branded and foodservice business. We have begun the process to recruit Pascal’s successor and our aim is to have a final structure in place by 1 August.”

As an interim measure, the co-operative’s APMEA business will be managed by a temporary structure with the heads of the regions reporting directly to the CEO.

De Petrini’s resignation is effective immediately.