Jamie Mackay: The Country host on Richard Allen being named Fonterra's new CEO - Heather du Plessis-Allan 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.

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