Big payout for Spierings as Fonterra reports $196m loss
New chief executive announces major review.
Tim Hunter Thu, 13 Sep 2018
Departed Fonterra boss Theo Spierings racked up a further $8 million pay packet in 2018 to add to his $8.3m remuneration last year but it was historic bonuses boosting the figure after losses obliterated his current year performance pay.
The giant dairy co-op Fonterra reported a $196m loss for
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).