Reuters: Regulatory News: NZ's Fonterra suspends two managers ahead of inquiry

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NZ's Fonterra suspends two managers ahead of inquiry Aug 16th 2013, 05:33 WELLINGTON | Fri Aug 16, 2013 1:33am EDT WELLINGTON Aug 16 (Reuters) - New Zealand dairy giant Fonterra said on Friday it had put two senior managers on leave pending an inquiry into contaminated products. The company has two inquiries into how whey protein concentrate came to be contaminated with a bacteria that can cause botulism and then sold to customers in March. "We are moving quickly and establishing key facts about what has happened and, as they emerge, we are taking appropriate action," said Fonterra chief executive Theo Spierings in a statement. He said placing the two unnamed managers on leave did not pre-empt the findings of the inquiries. Earlier this week the managing director of the company's milk products business resigned.

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