New Zealand-based dairy product manufacturer Fonterra appointed Miles Hurrell as its CEO on his last year with immediate effect. The company's new leader, who will receive a base salary of NZD1.95m ($1.33m) along with short and long-term incentive payments, has been well received by those in the industry. Hurrell's pay cheque is a significant reduction from his predecessor Theo Spierings, who earned NZD8m in 5 March in the post.
New Zealand-based dairy product manufacturer Fonterra appointed Miles Hurrell as its CEO on 5 March with immediate effect. The company's new leader, who will receive a base salary of NZD1.95m ($1.33m) along with short and long-term incentive payments, has been well received by those in the industry. Hurrell's pay cheque is a significant reduction from his predecessor Theo Spierings, who earned NZD8m in his last year in the post.