Fonterra Co-operative Names Chair of Mainland Group Amid Potential Divestment of Global Consumer Business

MT Newswires Live

2025/03/31

Fonterra Co-operative Group (NZE:FCG) named Elizabeth Coutts chair-elect of the Mainland Group, the proposed divestment entity of the dairy company's global consumer business, according to a Monday filing with the New Zealand bourse.

Coutts is currently chair of ASX- and NZX-listed companies EBOS Group (NZE:EBO, ASX:EBO) and Oceania Healthcare (NZE:OCA, ASX:OCA).

The appointment comes as the company explores Mainland Group's potential trade sale and initial public offering.

In the event of an IPO, Liz would be the non-executive chair of Mainland Group, per the filing.

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