Fonterra confirmed Dedoncker remains committed to guiding Mainland Group through the final phase of the transaction and transition to its new ownership. The cooperative expects the settlement of the Lactalis deal to be completed in the first quarter of the year, marking a significant structural shift in its global dairy portfolio.

Chief executive Miles Hurrell acknowledged Dedoncker’s contribution, highlighting his leadership during the divestment process and his role in sustaining performance while preparing the business for sale. The transition underscores broader strategic realignment within Fonterra as it refocuses on core operations and capital allocation.

At Elders, Dedoncker will succeed current CEO Mark Allison from October, following an extensive international and domestic recruitment process. Company chair Glenn Davis emphasized Dedoncker’s deep agricultural background, global operational expertise from Fonterra and Mars, and proven ability to drive strategic growth while maintaining strong regional relationships.