Fonterra Announces Interim CFO Appointment

New Zealand-based Fonterra has appointed Paul Washer to the role of Vice President, Commercial for Greater China, effective from 1st February 2018. Before commencing his new role in China, Washer will lead the office of the Chief Financial Officer (oCFO) in an interim capacity, and will be appointed to the role of Acting Chief Financial Officer (CFO), effective 1st August 2017 through to 31st January 2018.

The appointment will deliver continuity for the Co-operative’s oCFO portfolio as it continues to progress recruitment for a permanent successor.

Currently Director of Financial Planning and Performance, Washer joined Fonterra in 2002, and brings more than 25 years’ experience in treasury, IT, taxation, and financial performance and measurement to the role.

Fonterra Chief Executive Officer, Theo Spierings says Washer brings considerable expertise in his interim CFO capacity.

“Paul has provided sound counsel and become a trusted leader across our business throughout his 15 year tenure with Fonterra.

“His strong relationships with the Fonterra Board, management team and the Shareholders’ Council will be a real asset for us as we continue with our executive appointment process,” says Spierings. 

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