1 00:00:00,080 --> 00:00:02,480 Speaker 1: There are a handful of CEO jobs in this country 2 00:00:02,480 --> 00:00:04,480 Speaker 1: that make your household name. One of them is Fonterras. 3 00:00:04,519 --> 00:00:06,800 Speaker 1: Of course, given its outside's role in the economy, you 4 00:00:06,840 --> 00:00:08,360 Speaker 1: don't have to be in farming to know the heavy 5 00:00:08,360 --> 00:00:10,680 Speaker 1: lifting they do for New Zealand Inc. Which is why 6 00:00:10,680 --> 00:00:13,760 Speaker 1: when Murrow Miles Hurrel quite on Monday, it was a 7 00:00:13,760 --> 00:00:16,159 Speaker 1: big deal. And Miles is with us. Good morning to you, 8 00:00:17,000 --> 00:00:19,919 Speaker 1: Good morning mine, first chance to chat since your resignation, 9 00:00:20,000 --> 00:00:22,920 Speaker 1: so I appreciate it very much. Was this part of 10 00:00:22,960 --> 00:00:26,240 Speaker 1: the plan or a late breaker for you? 11 00:00:26,280 --> 00:00:28,120 Speaker 2: No, certainly. Well, if I go back to when I 12 00:00:28,120 --> 00:00:30,360 Speaker 2: first appointed the role, so that it's sir, eight years ago. 13 00:00:30,400 --> 00:00:31,960 Speaker 2: I didn't intend to be in the roll of this long. 14 00:00:32,920 --> 00:00:35,840 Speaker 2: I've come into sort of fix fixing things that needed fixing, 15 00:00:35,920 --> 00:00:37,839 Speaker 2: and here we are eight years later. But yeah, I 16 00:00:37,880 --> 00:00:39,400 Speaker 2: think twenty twenty six was sort of a year I 17 00:00:39,479 --> 00:00:41,559 Speaker 2: decided I'd probably step away and do something. 18 00:00:41,360 --> 00:00:44,120 Speaker 1: Different, okay, And the sale was part of that. Get 19 00:00:44,120 --> 00:00:45,320 Speaker 1: the sale out of the way and move on. 20 00:00:46,520 --> 00:00:48,519 Speaker 2: Yeah, yeah, pretty much. So you know, as we got 21 00:00:48,520 --> 00:00:50,519 Speaker 2: into the banking of last year, we could start to 22 00:00:50,520 --> 00:00:52,560 Speaker 2: see that sale was going to be concluded in quarter one. 23 00:00:52,640 --> 00:00:55,600 Speaker 2: So that's the stars were aligning. From my perspective, We've 24 00:00:55,600 --> 00:00:57,880 Speaker 2: got a clear strategy and I thought, now is the 25 00:00:57,920 --> 00:00:58,880 Speaker 2: time to have to think about it. 26 00:00:59,000 --> 00:01:01,560 Speaker 1: How do you work the through in the world of CEOs. 27 00:01:01,560 --> 00:01:04,480 Speaker 1: Because I've been doing this job, for example, for eighteen years, 28 00:01:05,160 --> 00:01:07,720 Speaker 1: and I do it because I love it. I assume 29 00:01:07,800 --> 00:01:10,760 Speaker 1: you do what you do because you love it. How 30 00:01:10,880 --> 00:01:12,720 Speaker 1: is it you come to a conclusion to pull the pin. 31 00:01:14,160 --> 00:01:15,920 Speaker 2: Yeah, no, I do love it. And you don't do 32 00:01:15,959 --> 00:01:18,720 Speaker 2: twenty five years in the same organization without without enjoying it. 33 00:01:18,720 --> 00:01:20,520 Speaker 2: So so that that's important, and it goes back to 34 00:01:20,600 --> 00:01:23,080 Speaker 2: sort of the role we play on farm, the role 35 00:01:23,120 --> 00:01:27,440 Speaker 2: we play internationally and the impact we have across the 36 00:01:27,480 --> 00:01:29,920 Speaker 2: news and economy, which you open with. But it does 37 00:01:30,000 --> 00:01:31,600 Speaker 2: come a point where you know, I've got a young family, 38 00:01:31,600 --> 00:01:33,160 Speaker 2: it's time to think about them a little bit more 39 00:01:33,160 --> 00:01:34,679 Speaker 2: than probably what I have in the last few years, 40 00:01:34,680 --> 00:01:37,000 Speaker 2: and in time for a bit of a bit of 41 00:01:37,040 --> 00:01:39,520 Speaker 2: a fresh fresh look at the organization. So the board 42 00:01:39,560 --> 00:01:42,040 Speaker 2: to conduct their own process and I think a new 43 00:01:42,080 --> 00:01:43,960 Speaker 2: leader to take it to the next level as well 44 00:01:43,959 --> 00:01:44,880 Speaker 2: as important. 45 00:01:44,600 --> 00:01:46,760 Speaker 1: Are you involved in that in any way, shape or 46 00:01:46,800 --> 00:01:47,240 Speaker 1: form or not. 47 00:01:48,520 --> 00:01:50,360 Speaker 2: Only up until now. And a key part of my 48 00:01:50,480 --> 00:01:54,160 Speaker 2: role is succession planning, not just for CEO but for 49 00:01:54,200 --> 00:01:56,680 Speaker 2: all levels of organizations. So that's a key part of 50 00:01:57,320 --> 00:02:00,320 Speaker 2: any good leader's role. But from here at full chair 51 00:02:00,560 --> 00:02:02,280 Speaker 2: into the board and I'm sure they've got that well 52 00:02:02,320 --> 00:02:03,000 Speaker 2: on hand. 53 00:02:02,840 --> 00:02:06,080 Speaker 1: Right, So you came from within the co op, would 54 00:02:06,160 --> 00:02:09,120 Speaker 1: you argue that there's value in that before you get 55 00:02:09,120 --> 00:02:09,600 Speaker 1: to the top. 56 00:02:10,440 --> 00:02:12,519 Speaker 2: Well, I think you know the reason I did with 57 00:02:12,639 --> 00:02:14,640 Speaker 2: the point of eight years ago. It's because I had 58 00:02:14,720 --> 00:02:16,400 Speaker 2: come through the ranks and we were probably at a 59 00:02:16,400 --> 00:02:18,959 Speaker 2: point in time in our organization's history where we needed 60 00:02:18,960 --> 00:02:21,040 Speaker 2: a bit of stability, We needed some of the new 61 00:02:21,080 --> 00:02:24,680 Speaker 2: news organization. And I'd argue that still still applies. But 62 00:02:25,120 --> 00:02:27,640 Speaker 2: there is some international thinking that this should come into 63 00:02:27,639 --> 00:02:30,760 Speaker 2: the business. Ninety five percent of our products do go offshore, 64 00:02:30,840 --> 00:02:32,200 Speaker 2: but you know they've got to have a strong connection 65 00:02:32,280 --> 00:02:35,320 Speaker 2: back to to Farmershyholder too, So it's unique in that regard, 66 00:02:35,360 --> 00:02:37,480 Speaker 2: but ultimately the border to make that call. 67 00:02:37,720 --> 00:02:40,280 Speaker 1: Let me read you a text. He has led an 68 00:02:40,280 --> 00:02:44,040 Speaker 1: exceptional financial turnaround, but what the New Zealand public don't 69 00:02:44,080 --> 00:02:47,040 Speaker 1: know is he's also led a much needed internal cultural 70 00:02:47,080 --> 00:02:49,840 Speaker 1: turnaround that does allowed the cooperative to thrive, the latter 71 00:02:49,880 --> 00:02:52,720 Speaker 1: being an equally challenging job. Is that a fair assessment? 72 00:02:53,880 --> 00:02:56,840 Speaker 2: But well, there's to an extent. But but I sort 73 00:02:56,880 --> 00:02:59,519 Speaker 2: of flippently also say that that was an easy part 74 00:02:59,520 --> 00:03:01,480 Speaker 2: of the role because it was always there. You know 75 00:03:01,520 --> 00:03:04,239 Speaker 2: that the heart of the cop has always been there. 76 00:03:04,280 --> 00:03:07,200 Speaker 2: In a farmer owned the role we play news in 77 00:03:07,200 --> 00:03:09,200 Speaker 2: on which I refer to, that was always there. We 78 00:03:09,280 --> 00:03:11,919 Speaker 2: probably lost our way a decade or so ago and 79 00:03:12,080 --> 00:03:13,920 Speaker 2: started to think a little bit differently than that. So 80 00:03:13,960 --> 00:03:16,480 Speaker 2: you know, when I come in, you know, you scratch 81 00:03:16,480 --> 00:03:18,160 Speaker 2: the surface, and it was always there, and people sort 82 00:03:18,160 --> 00:03:20,120 Speaker 2: of lifted their heads in a way went so I 83 00:03:20,200 --> 00:03:21,919 Speaker 2: say fliferently it was easy. But at the same time, 84 00:03:21,960 --> 00:03:24,600 Speaker 2: you know, when you're did a little organization our size, 85 00:03:24,840 --> 00:03:26,200 Speaker 2: you know it's not as easy as that. 86 00:03:26,280 --> 00:03:28,520 Speaker 1: Maybe A seen the reference to having lost your way, 87 00:03:28,520 --> 00:03:30,600 Speaker 1: and you're obviously you're not going to bag previous leaders 88 00:03:30,600 --> 00:03:32,920 Speaker 1: and all that sort of stuff. But when, as an insight, 89 00:03:33,040 --> 00:03:36,920 Speaker 1: when big companies start to stray into areas that you 90 00:03:37,040 --> 00:03:42,040 Speaker 1: might argue aren't your particular field of expertise, how literally 91 00:03:42,120 --> 00:03:44,200 Speaker 1: does that happen? And why are there no flags at 92 00:03:44,240 --> 00:03:46,840 Speaker 1: the beginning to go let's just tie home a bit. 93 00:03:48,400 --> 00:03:51,320 Speaker 2: Yeah, I mean there's a whole lot of pressure, whether 94 00:03:51,360 --> 00:03:55,200 Speaker 2: that's an investor, media, general public. You've just got to 95 00:03:55,280 --> 00:03:57,760 Speaker 2: keep getting better and better. And one of those things 96 00:03:57,800 --> 00:04:00,360 Speaker 2: that bubbled the service is financial pressure. You you've got 97 00:04:00,360 --> 00:04:03,440 Speaker 2: to be better financially as an organization, and you start 98 00:04:03,440 --> 00:04:06,480 Speaker 2: to think about what that means. You know, you maybe 99 00:04:06,480 --> 00:04:08,240 Speaker 2: your tap runs dry a little bit when you're sort 100 00:04:08,240 --> 00:04:10,560 Speaker 2: of thinking about certain ends of the supply change. So 101 00:04:10,600 --> 00:04:12,280 Speaker 2: then you've got to go bigger. And so you know, 102 00:04:12,320 --> 00:04:14,360 Speaker 2: the investments were made as you know and China, and 103 00:04:14,800 --> 00:04:16,680 Speaker 2: you know, if they all panned out, there will be 104 00:04:16,720 --> 00:04:19,080 Speaker 2: a whole lot of heroes in the organization, but they 105 00:04:19,120 --> 00:04:21,520 Speaker 2: are high risk and when it comes you know that 106 00:04:21,640 --> 00:04:23,320 Speaker 2: the ability to sort of go the other way as 107 00:04:23,360 --> 00:04:25,480 Speaker 2: it played out for us. So you know, you need 108 00:04:25,520 --> 00:04:26,760 Speaker 2: to sort of get back to, you know, what is 109 00:04:26,800 --> 00:04:29,719 Speaker 2: your core strength. And from our perspective, of course, you know, 110 00:04:29,760 --> 00:04:32,760 Speaker 2: the vast majority of the capital invested in the cooperative 111 00:04:32,800 --> 00:04:35,239 Speaker 2: is actually sits behind farm gate and if you lose 112 00:04:35,279 --> 00:04:37,480 Speaker 2: sight of that that the number one thing you can 113 00:04:37,520 --> 00:04:39,840 Speaker 2: do is to give them a strong milk price so 114 00:04:39,880 --> 00:04:42,520 Speaker 2: they can invest in their businesses to keep growing and 115 00:04:42,560 --> 00:04:44,960 Speaker 2: the corporative it that I ultimately manage. It is sort 116 00:04:44,960 --> 00:04:46,080 Speaker 2: of a little bit on the top of you can 117 00:04:46,120 --> 00:04:48,520 Speaker 2: say that if you do sight of that, as if 118 00:04:49,240 --> 00:04:52,279 Speaker 2: we might have, you ultimately run the risk of bringing 119 00:04:52,279 --> 00:04:54,280 Speaker 2: the whole cooperative and the whole ex sector to its knees. 120 00:04:54,320 --> 00:04:56,240 Speaker 2: And so we can't get a set of that situation 121 00:04:56,279 --> 00:04:57,560 Speaker 2: again which the border and mindful of. 122 00:04:57,920 --> 00:05:00,320 Speaker 1: Did you have detractors when you started with what you 123 00:05:00,360 --> 00:05:01,040 Speaker 1: were looking to do? 124 00:05:02,240 --> 00:05:05,640 Speaker 2: No question, as you do, and in fact there there 125 00:05:05,680 --> 00:05:08,000 Speaker 2: there are I would say, not detractors, but probably a 126 00:05:08,040 --> 00:05:11,040 Speaker 2: detractor this week. Even so you know you get that 127 00:05:11,040 --> 00:05:13,839 Speaker 2: that that comes to the role and and you know 128 00:05:13,920 --> 00:05:16,200 Speaker 2: it's important you listen to that to understand, you know 129 00:05:16,200 --> 00:05:18,360 Speaker 2: where their views coming from. But at the same time 130 00:05:18,400 --> 00:05:19,920 Speaker 2: you've got to you've got to push through that. Know 131 00:05:20,000 --> 00:05:21,839 Speaker 2: what you're doing is in the right in the right space. 132 00:05:21,880 --> 00:05:24,680 Speaker 1: So long term, what do you make of this week's detractor? 133 00:05:27,120 --> 00:05:29,880 Speaker 2: Not not surprising if I can say that, probably the 134 00:05:29,920 --> 00:05:32,400 Speaker 2: surprising pieces He was a bit later than I expected. 135 00:05:32,880 --> 00:05:34,760 Speaker 2: He came out quite late in the process of of 136 00:05:34,800 --> 00:05:38,440 Speaker 2: the sale of our consumer business and and made a 137 00:05:38,520 --> 00:05:40,359 Speaker 2: stand and I expected it to come out on Monday, 138 00:05:40,400 --> 00:05:42,680 Speaker 2: and sure enough, true to his word, it did so. No, 139 00:05:43,360 --> 00:05:45,640 Speaker 2: that's a that's his role. It's that that's the role 140 00:05:45,680 --> 00:05:47,400 Speaker 2: he plays. And he'll pick up a couple of votes 141 00:05:47,440 --> 00:05:50,039 Speaker 2: as a result. DA probably lost a few votes as 142 00:05:50,080 --> 00:05:53,360 Speaker 2: well out of Farmerland, given given the personal attack he had. 143 00:05:53,520 --> 00:05:56,560 Speaker 1: Yeh see the final result the vote and the owners 144 00:05:56,560 --> 00:05:57,880 Speaker 1: of the game. I mean you can't argue with the 145 00:05:57,880 --> 00:05:58,800 Speaker 1: result you got, can you. 146 00:05:58,880 --> 00:06:01,920 Speaker 3: I mean they loved it well exactly that, because again 147 00:06:01,960 --> 00:06:04,320 Speaker 3: it comes back to where were getting a return on 148 00:06:04,360 --> 00:06:07,039 Speaker 3: that part of our organization versus the return if you 149 00:06:07,040 --> 00:06:09,159 Speaker 3: give them the capital to invest behind their farm gate. 150 00:06:09,200 --> 00:06:13,080 Speaker 2: And it goes back to that intergenerational piece of organization. 151 00:06:13,200 --> 00:06:15,640 Speaker 2: And where as I say that the vast majority of 152 00:06:15,680 --> 00:06:16,839 Speaker 2: capital is actually employed. 153 00:06:17,160 --> 00:06:19,400 Speaker 1: Yeah, the look does it bother you? I don't want 154 00:06:19,440 --> 00:06:22,479 Speaker 1: to dwell on Peter's but he says, you were going 155 00:06:22,560 --> 00:06:25,039 Speaker 1: to sell, you have your collect your bonus, which I 156 00:06:25,040 --> 00:06:27,400 Speaker 1: assume you will. You walk away a rich man, Good 157 00:06:27,400 --> 00:06:31,640 Speaker 1: on you, congratulations? Does that and he'll go told you? 158 00:06:32,120 --> 00:06:34,359 Speaker 1: Does that bother you? 159 00:06:34,400 --> 00:06:34,479 Speaker 3: No? 160 00:06:34,560 --> 00:06:36,080 Speaker 2: It doesn't, because I know it's the right thing to 161 00:06:36,120 --> 00:06:38,960 Speaker 2: do for the cooperative. There are no bonuses attached to 162 00:06:39,200 --> 00:06:42,800 Speaker 2: the sale process, so it says actually incorrect as well. 163 00:06:42,839 --> 00:06:45,520 Speaker 2: But put that aside. Now it doesn't bother me because 164 00:06:45,520 --> 00:06:46,720 Speaker 2: I know it's the right thing to do and as 165 00:06:46,760 --> 00:06:50,359 Speaker 2: you say, supported by overwhelming majority of that farms. 166 00:06:51,000 --> 00:06:53,599 Speaker 1: The size of the role and therefore the profile that 167 00:06:53,720 --> 00:06:56,400 Speaker 1: comes with it, what are your observations on that. 168 00:06:58,480 --> 00:07:01,120 Speaker 2: You've got to be prepared for, you know, getting our 169 00:07:01,160 --> 00:07:03,520 Speaker 2: doors stopped on the steps of Parliament one one day 170 00:07:03,520 --> 00:07:06,200 Speaker 2: and on a weekend and Bunny's when you're trying to 171 00:07:06,200 --> 00:07:08,240 Speaker 2: buy some batteries, So you're going to be prepared for that. 172 00:07:08,279 --> 00:07:11,960 Speaker 2: And it's not it's not very pleasant. The way you 173 00:07:11,960 --> 00:07:14,160 Speaker 2: you want to respond that had to make may not 174 00:07:14,240 --> 00:07:16,560 Speaker 2: be acceptable in the public eye. So you need to 175 00:07:16,560 --> 00:07:19,280 Speaker 2: be like your tongue of it. But come back to 176 00:07:19,360 --> 00:07:21,760 Speaker 2: what's what's important. You know, what's important for our farmers, 177 00:07:21,760 --> 00:07:24,000 Speaker 2: what's important for New zealand what's important for your own family. 178 00:07:24,080 --> 00:07:26,920 Speaker 2: So I'm sure that those that are thinking about the 179 00:07:27,000 --> 00:07:30,360 Speaker 2: role and maybe on that short list will be considering 180 00:07:30,400 --> 00:07:33,600 Speaker 2: that and we'll make the right call ultimately for themselves. 181 00:07:33,800 --> 00:07:35,960 Speaker 1: As you walk down it wasn't lamped and key, but 182 00:07:36,000 --> 00:07:37,720 Speaker 1: it was part of Wellington as you walk down there, 183 00:07:38,360 --> 00:07:40,640 Speaker 1: how close were you to saying can you just get lost? 184 00:07:42,760 --> 00:07:46,760 Speaker 2: Very no question, get get lost would have been a 185 00:07:46,880 --> 00:07:49,480 Speaker 2: flight way probably things you wanted to say. But you 186 00:07:49,520 --> 00:07:51,400 Speaker 2: know again and you know I don't want to sort 187 00:07:51,440 --> 00:07:52,960 Speaker 2: of dwell on that, but that that that was all 188 00:07:53,040 --> 00:07:55,440 Speaker 2: back to you know, I've made an obligation to speak 189 00:07:55,440 --> 00:07:57,480 Speaker 2: to the Finance Minister first and foremost, and not not 190 00:07:57,600 --> 00:08:00,240 Speaker 2: to a reporter. So now a lot of things if 191 00:08:00,240 --> 00:08:02,200 Speaker 2: your mind, but you know it's told you nerve it. 192 00:08:02,280 --> 00:08:05,280 Speaker 1: At the same time, what about Fontira as a model, 193 00:08:05,360 --> 00:08:07,640 Speaker 1: as a co op would you sell would you sell 194 00:08:07,680 --> 00:08:09,240 Speaker 1: it as an idea to anybody? 195 00:08:09,920 --> 00:08:12,280 Speaker 2: One hundred percent? One hundred percent, especially when you get 196 00:08:12,280 --> 00:08:16,040 Speaker 2: into a perishable product. And as I say, you know 197 00:08:16,120 --> 00:08:18,960 Speaker 2: that the farmers are out there this morning milking your 198 00:08:18,960 --> 00:08:21,320 Speaker 2: cows and they want that off their land within within 199 00:08:21,360 --> 00:08:24,880 Speaker 2: a few hours. And and of course taking you know, 200 00:08:25,000 --> 00:08:27,440 Speaker 2: what is a raw commodity to the international market. You know, 201 00:08:27,520 --> 00:08:30,960 Speaker 2: it's very difficult to do that unless you you you 202 00:08:31,000 --> 00:08:33,040 Speaker 2: have scale. And so I think the cop model works 203 00:08:33,120 --> 00:08:37,440 Speaker 2: very well in the agricultural sense. It drives its own pressures. 204 00:08:37,440 --> 00:08:39,800 Speaker 2: You know, we celebrate increasing our cost of goods, which 205 00:08:39,840 --> 00:08:43,760 Speaker 2: is unique, I think, but the way you take your 206 00:08:43,760 --> 00:08:46,000 Speaker 2: product to the world and then get get told, you know, 207 00:08:46,000 --> 00:08:48,880 Speaker 2: one hundred percent to generalization, but one hundred percent of 208 00:08:48,920 --> 00:08:52,360 Speaker 2: the of the income that's derived for our farmers decisions 209 00:08:52,360 --> 00:08:54,040 Speaker 2: that we make, and so that that brings a whole 210 00:08:54,040 --> 00:08:56,640 Speaker 2: lot of other scrutiny, but it's scrutiny that I think 211 00:08:56,679 --> 00:08:59,600 Speaker 2: works very well in a coper of cent So yeah, 212 00:08:59,840 --> 00:09:00,680 Speaker 2: I support a hundre. 213 00:09:01,160 --> 00:09:04,120 Speaker 1: You're a comparatively young man. You've got what two three 214 00:09:04,160 --> 00:09:05,440 Speaker 1: more of these big jobs left in. 215 00:09:05,480 --> 00:09:10,160 Speaker 2: You, I don't think. Sorry, actually, from an executive perspective, 216 00:09:10,520 --> 00:09:13,280 Speaker 2: you know, it's all encompassing, and I think that goes 217 00:09:13,280 --> 00:09:16,559 Speaker 2: to that sane You know, my family and I were 218 00:09:16,559 --> 00:09:18,240 Speaker 2: committed to New Zealand, so we're not we're not we're 219 00:09:18,240 --> 00:09:20,880 Speaker 2: not heading overseas and so you know, maybe it's about 220 00:09:20,880 --> 00:09:23,160 Speaker 2: giving back a little bit to to to to the 221 00:09:23,200 --> 00:09:26,040 Speaker 2: rest of New Zealand. I've just picked up a board 222 00:09:26,040 --> 00:09:28,480 Speaker 2: seed on the Hillboot Trust and so that's that's quite fulfilling, 223 00:09:29,000 --> 00:09:32,040 Speaker 2: albeit at a very small scale. So you know, what's 224 00:09:32,080 --> 00:09:34,760 Speaker 2: next to me maybe giving back a little bit to 225 00:09:34,600 --> 00:09:37,480 Speaker 2: the New Zealand economy in another way. But certainly we 226 00:09:37,760 --> 00:09:40,840 Speaker 2: intend to stay in New Zealand and therefore executive roles 227 00:09:40,880 --> 00:09:43,000 Speaker 2: of a scale I can't really exist. 228 00:09:43,000 --> 00:09:44,600 Speaker 1: Of course, do you want to talk about the rugby 229 00:09:44,720 --> 00:09:44,839 Speaker 1: or not? 230 00:09:47,000 --> 00:09:48,559 Speaker 2: Yeah, I think the only one that's excited about that 231 00:09:48,679 --> 00:09:52,360 Speaker 2: is my son. But no, look I am you know 232 00:09:52,440 --> 00:09:55,000 Speaker 2: that's not part of the gender at all. In fact, 233 00:09:55,400 --> 00:09:57,480 Speaker 2: I say in ingest, I'm disappointed that they didn't asked 234 00:09:57,480 --> 00:10:00,079 Speaker 2: me for dave In's job. But but anyway, no, and 235 00:10:00,240 --> 00:10:03,240 Speaker 2: it's not not part of the ticket. And as I say, 236 00:10:03,280 --> 00:10:04,680 Speaker 2: we'll just keep your head down for a while and 237 00:10:04,679 --> 00:10:05,720 Speaker 2: think of it a lot steks later. 238 00:10:05,800 --> 00:10:07,679 Speaker 1: Good on you lovely to talk mate, Go well and 239 00:10:07,720 --> 00:10:10,840 Speaker 1: I'm sure we'll talk again soon. Myles hurrele Fonterra Ceo 240 00:10:11,280 --> 00:10:11,920 Speaker 1: on the Way Up. 241 00:10:12,400 --> 00:10:15,280 Speaker 2: For more from the Mic Asking Breakfast, listen live to 242 00:10:15,400 --> 00:10:18,480 Speaker 2: news talks it'd be from six am weekdays, or follow 243 00:10:18,520 --> 00:10:20,080 Speaker 2: the podcast on iHeartRadio.