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ROSS GIBLIN/STUFF Fonterra chief executive Miles Hurrell is turning the dairy giant around after a big global expansion failed to deliver. Fonterra chief executive Miles Hurrell faced a daunting task when he was asked to take the helm of the country’s largest company in 2018, but he is getting the dairy giant in shape. The co-operative owned by its 10,000 farmer suppliers and supporting some 20,000 employees was heading for its first annual loss since its creation in 2001 after a period of big expansion failed to deliver the promised profits and left it saddled with too much debt. Hurrell, an 18-year veteran of Fonterra and head of the Farm Source unit that worked with farmers, talked with his wife and a few close friends who backed him to take on the challenge of what was looking like a tough couple of years.

New zealandUnited statesUnited kingdomGolden bayNew zealand generalSam playfairRachel hunterWayne langfordWinston petersJacinda ardernTheo spieringsFarmers dairy industry groupEuropean unionMiles hurrellFarm sourceFonterra new zealand