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19 Mar 2024 21:16
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  •   Home > News > Rural

    Fonterra's new boss has taken a pay cut

    Fonterra's new boss has taken a pay cut


    Fonterra
    Fonterra
    Shareholders have asked about Miles Hurrell's pay packet at the annual general meeting in South Waikato.

    Fonterra chairman John Monaghan wouldn't give an exact figure, but says Hurrell's remuneration is "substantially less".

    Former chief executive Theo Spierings earned a final year's salary of nearly 8.1 million dollars.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
     21 Feb: Dairy prices are up 0.5 percent at the latest Global Dairy Trade auction overnight
     12 Feb: Relief for dairy farmers as Fonterra increases its forecast Farmgate Milk Price - after a shaky end to last year
     07 Feb: Fonterra is still assessing whether rising global prices will push up its Farmgate Milk forecast
     07 Feb: Good news for dairy farmers at the latest Global Dairy Trade auction overnight
     17 Jan: Dairy prices are continuing to rise
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