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BY REBECCA HOWARD AND LAURIE BURKITT
The chief executive of New Zealand’s biggest dairy exporter, Fonterra Cooperative Group Ltd., apologized Monday for a food-safety scare involving harmful bacteria that prompted China to ban some of its products.
Fonterra Chief Executive Theo Spierings traveled to China immediately after the company publicly disclosed the problem on Saturday, and on Monday he offered “deep apologies.”
New Zealand Prime Minister John Key promised to investigate the dairy giant. “There is no question this does damage to New Zealand and to Fonterra,” Mr. Key said Monday. “There will be a couple of inquiries. The first will be about Fonterra itself,” he …
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