Fonterra Co-operative Group Ltd has announced interim changes to the leadership of its Global Ingredients business ahead of Richard Allen, current President Global Ingredients, stepping into Fonterra’s CEO role on the 1st of May 2026.
Chair Peter McBride said that Allen is an exceptional leader who will bring to the CEO role a strong connection with farmer shareholders and customers and a deep knowledge of Fonterra’s global operations and markets.
The Board is really pleased to announce Richard as Fonterra’s next CEO, who will lead the Co-op into the next phase of its strategic implementation.
“Richard is passionate about our Co-operative. His most recent role is President Global Ingredients, responsible for Fonterra’s Ingredients sales, optimisation, risk management, trading and global manufacturing," said McBride.
Elisa Giusti, Fonterra’s Executive Vice President Global Ingredients Growth based in Chicago, will assume the role of President Global Ingredients Growth. Fonterra’s Ingredients risk, pricing and optimisation, innovation, science and technology, and R&D functions will shift reporting line to Giusti.
Gaby Amade, Fonterra’s President Middle East, Africa, Europe & SEA for Global Ingredients based in Dubai, will assume the role of President Global Ingredients Sales and Operations. Fonterra’s Ingredients teams in Greater China, Americas, Oceania and North Asia will shift reporting line to Amade.
Both Giusti and Amade will join Fonterra’s Management Team. These interim changes will remain in place until the permanent structure is confirmed.
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