Announcement Regarding the Appointment of a New Director at Fonterra Japan

Fonterra Japan Ltd. (Headquarters: Minato-ku, Tokyo; President and Representative Director: Tatsuo Kunimoto), the Japanese subsidiary of New Zealand's largest dairy company, Fonterra, announces that Steven O'Connor was appointed as a new Director of the company at the Extraordinary General Meeting of Shareholders held on March 31, 2026. Richard Whiteman, who previously served as a Director, has resigned from the position.

• Name and Biography of the New Director

  【Name】

  
  Steven O'Connor

  　

  【Biography】

  Steven O'Connor joined Fonterra in November 2025 as Finance Director for the Global Ingredients business. With over 20 years of international leadership experience across Asia, Australia, Europe, and North America, he possesses deep expertise in finance, strategy, business development, and transformation, having successfully led companies through periods of growth and change.

  Prior to joining Fonterra, he was at Ampol, Australia's largest transport energy supplier and retailer, which also owns New Zealand's Z Energy. As Regional CFO (Fuels & Infrastructure) and COO (Trading & Shipping), he led the formulation of strategy, the promotion of business growth, and the advancement of operations for the company's global energy business.

  Before that, he held senior positions in finance and sales at BlueScope and worked in the M&A division at PwC, where he was engaged in advisory services for cross-border transactions and private equity investments.

• Date of Appointment

  March 31, 2026

【About Fonterra】

Fonterra is a New Zealand-based cooperative owned by several thousand dairy farmers. It employs approximately 20,000 people worldwide and accounts for approximately 80% of milk collection in New Zealand. It is one of the world's largest dairy exporters, exporting a wide range of dairy products—including cheese, butter, milk powder, and milk proteins—to over 100 countries. Fonterra Japan Ltd. is the Japanese subsidiary of Fonterra and handles approximately 120,000 tons of dairy products annually.

Fonterra Japan Ltd.

• Established: April 1982

• Representative: Tatsuo Kunimoto, President and Representative Director

• Address: Taiyo Seimei Shinagawa Building, 2-16-2 Konan, Minato-ku, Tokyo 108-0075

• Products Handled: Natural cheese, butter, skimmed milk powder, casein, caseinates, whey protein, prepared edible fats, milk powder preparations, lactose, and other dairy products