Fonterra’s chief operating officer of consumer and foodservice business, Lukas Paravicini, has given his resignation. He will leave the co-operative in January and plans to return to Europe with his family.
Paravicini first joined the Fonterra management team in 2013 as chief financial officer before being appointed to the COO role.
Fonterra CEO Miles Hurrell said that he has played an “instrumental” role in the company and had transitioned seamlessly to the new consumer role.
“During his time, Lukas was instrumental in maintaining the financial strength of the Co-operative, including through some years of low milk prices and challenging global conditions. He spearheaded initiatives such as the Co-operative Support Loan and championed Fonterra’s business transformation,” Hurrell said.
“The Co-operative thanks Lukas for his contribution and wishes him every success in his next venture.”
The dairy co-operative will name his successor in due course.