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'Strong platform to build from': Fonterra insider Richard Allen to be new CEO

Allen, a longtime Fonterra executive, will take over on May 1 as Hurrell stays on in an advisory role until September 2026.

  • Fonterra Co-operative Group Ltd named Richard Allen as CEO, effective May 1, succeeding Miles Hurrell after his resignation in March.
  • Hurrell departed after a 25-year career with the dairy co-operative, saying the time was right to leave; he will remain in an advisory role until September 2026 to support the transition.
  • Allen joined the Business as a graduate in 2008, later leading Farm Source for five years and serving as President Atlantic in Chicago, responsible for global key accounts.
  • Chair Peter McBride said Allen brings a "strong connection with farmer shareholders" and deep knowledge of Fonterra's global operations and markets.
  • Committed to "maintaining the momentum in our performance," Allen aims to drive strategy and financial discipline for the New Zealand farmer-owned B2B dairy provider.
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Bloomberg broke the news in United States on Sunday, April 12, 2026.
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