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NZ's Fonterra head of milk products, Romano, resigns

14 August 2013 06:35 am - 13     - {{hitsCtrl.values.hits}}


New Zealand dairy giant Fonterra, the world's biggest dairy exporter, said on Wednesday its head of NZ Milk Products, Gary Romano, has resigned with immediate effect.

"Gary has made a significant contribution during his time at Fonterra and we respect his decision," Fonterra Chief Executive Theo Spierings said in a statement, adding that he would take over the running of the operation in the meantime.

Fonterra did not say in the statement why Romano resigned.

The resignation followed the discovery of a bacteria that can cause botulism in some Fonterra products, which were shipped to customers in nine countries.

Fonterra's Shareholders Fund, an investment unit based on the company's dividend stream last traded down 0.1 percent at NZ$6.92. (Reuters)

  Comments - 13

  • kondebendapucheena Wednesday, 14 August 2013 08:53 AM

    Don't show it to our politicians,they will follow him.

    Ralph Anthony Kern Wednesday, 14 August 2013 11:09 AM

    In Sri Lanka another committee would have been appointed, on tax payers money.

    Seriously Wednesday, 14 August 2013 11:16 AM

    To join a Competitor brand - Oh - no can't be - he is not from Sri Lanka right?

    ANTON Wednesday, 14 August 2013 09:05 AM


    Jumbo Parliament Wednesday, 14 August 2013 07:12 AM

    what a great example to the world! specially politiccos of Sri Lanka

    Calistus Jayatilleke Thursday, 15 August 2013 11:20 AM

    This is how "kiri" becomes "kekiri"

    Carpenter Wednesday, 14 August 2013 05:22 PM

    A great gentleman, the nation must speak up to re-instate him. Here in Colombo it would only be a dream to bring justice to a wrong doer. Setting the example should start at the top.

    Sri Wednesday, 14 August 2013 12:00 AM

    resigned or asked to resign (i.e., fried)? via DM Android App

    Atha kota Wednesday, 14 August 2013 10:21 AM

    Good example for our politicians..................

    siva Wednesday, 14 August 2013 06:11 PM


    Dee Wednesday, 14 August 2013 10:28 AM

    a very honorable gentleman. our people will simply cling onto positions. come what may. He will definitely find success, (after all the process would have gone through many highly qualified staff, and yet he was bold enough to take the brunt of it.)

    Priya Wednesday, 14 August 2013 08:38 AM

    You would never see any of our fellows resigning like that!

    Hitler Wednesday, 14 August 2013 12:00 AM

    great people, great stuff, great corporate governance. via DM Android App

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