Miles Hurrell, who has led New Zealand's largest dairy cooperative Fonterra for eight years, announced his resignation on Monday. The CEO will stay on for six months while the company searches for his replacement.
New Zealand’s largest dairy cooperative announced Monday that its top executive is stepping down after nearly a decade at the helm of the company.
Miles Hurrell has decided to leave his position as Chief Executive Officer of Fonterra Co-operative Group following eight years of leadership and a quarter-century with the dairy giant, according to company officials.
The executive, who took over the CEO position in 2018, will continue working for the next six months to ensure a smooth transition as company leaders search for his replacement, Fonterra announced.
Company directors have already started looking for Hurrell’s successor and anticipate making an appointment within the next few months, the cooperative stated.
During his tenure, Hurrell spearheaded a major strategic overhaul that redirected the dairy cooperative toward its core competencies in New Zealand’s grass-fed milk production systems, environmental sustainability initiatives, and premium dairy ingredient manufacturing.
Before becoming CEO, Hurrell served in multiple executive positions throughout the cooperative’s international operations, including leadership roles as chief operating officer for Farm Source and regional general manager overseeing Middle East, Africa, Russia and Eastern Europe markets.
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