May 20, 2024

Fonterra's Global Markets CEO to leave

Fonterra Co-operative Group Ltd announced on May 16 that its Global Markets chief executive officer, Judith Swales, has decided to leave the dairy cooperative. 

Fonterra CEO Miles Hurrell said the change in the cooperative's strategic direction presents a natural juncture at which Swales has considered her future.

"Judith has been an important part of Fonterra since 2013, having started her time in our Australian business. She has held a variety of significant leadership roles across the co-op and has been a critical part of the Fonterra Management Team," said Hurrell. "She is a high-performing executive with achievements including the standing up of our Global Markets region, which is currently performing very well, the successful turnaround in the performance of our Consumer business, putting it on a pathway for a stronger future with some of the world's most trusted and loved dairy brands, and leading our Velocity transformation programme. 

"Judith has always been a strong advocate for the voice of the customer and her dedication has set our Consumer business up for future success. 

"I would like to acknowledge and thank Judith for her significant contribution to Fonterra, and wish her well with her next endeavours." 

Swales will remain with Fonterra until July 31. 

- Fonterra