Rivers will make the move sometime between now and next March, when he’s expected to start, and according to CEO Theo Spierings, will be a “real asset” to the company.
“Marc will be a great addition to the Fonterra Management Team. His track record of global financial leadership and his personal alignment to our Fonterra values will be a real asset to us,” Spierings said.
Fonterra said Rivers has a strong background as a global finance executive and strategic leadership capability. He is known for his commitment to leading and developing his people, with a track record of building diverse and inclusive teams.
Rivers has been overseeing NZ$51 billion in sales for Roche in Europe since 2013, prior to which he served in several management roles in China and the US for the multi-national pharmaceutical business in his more than 13 year tenure.
Rivers has a Bachelor of Arts in International Studies and an International Masters of Business Administration, Finance and German under his belt from the University of South Carolina, Columbia USA.