Fonterra Co-Operative Group Ltd <FCG.NZ> has selected Peter McBride as its chairman-elect, the world's largest diary exporter said on Friday.
McBride, who was elected to the board in 2018 and currently serves as a farmer-elected director, will take over from John Monaghan after the company's annual meeting in November.
Monaghan had said last year that he would retire by rotation when his three-year term ends.
The appointment comes at a time when the dairy giant is looking to bounce back from a hit to demand and uncertainty in the global dairy market due to the coronavirus outbreak.
(Reporting by Soumyajit Saha in Bengaluru; Editing by Lisa Shumaker)
