Lukas Paravicini, the chief operating officer of Fonterra’s Consumer & Foodservice business, has resigned. Paravicini is set to leave the co-operative in January 2019 as he and his family plan to return to Europe.
Fonterra CEO Miles Hurrell said that Paravicini first joined the Fonterra Management Team in 2013 as chief financial officer and then went on to be the chief operating officer for its Global Consumer & Foodservice business.
“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,” Hurrell said. “He spearheaded initiatives such as the Co-operative Support Loan and championed Fonterra’s business transformation.”
Hurrell noted that Paravicini had moved seamlessly from Fonterra’s numbers man to leading its global consumer and foodservice businesses.
