Larry Williams Drive

Fonterra has named Richard Allen as its new chief executive, succeeding Miles Hurrell. Allen - who joined Fonterra as a graduate in 2008 and has worked in various roles across the dairy co-operative - will take over next month. Hurrell will remain in a transition advisory role until September. The Country's Jamie Mackay explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.