Fonterra said its chief financial officer (CFO) Neil Beaumont is leaving the co-operative after less than a year in the job.
Simon Till, who has most recently held the role of Fonterra’s director of capital markets, will take up the position of acting CFO while recruitment for a permanent replacement is under way, Fonterra said in a short statement.
Beaumont joined the co-operative in February this year. His last day will be on November 3, Fonterra said.
Beaumont is an accomplished group CFO.
Before joining Fonterra, he was senior managing director, chief financial and risk officer at Canada Pension Plan Investment Board, with responsibility for leading the operations, finance and risk functions for the CAD$500 billion ($619.25b) investment fund.