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clock Created with Sketch. 03/03/25
09:52
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Originally posted by Tahora:
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50 minutes agoSynlait taps 'seasoned, tested' CEOValerina ChangarathilDual-listed Synlait says it has appointed “seasoned, tested” NZ dairy industry veteran Richard Wyeth as its new chief executive.“Synlait is extremely fortunate to have the opportunity to benefit from Richard’s extensive experience growing companies in our sector. He has positively transformed dairy companies…,” chair George Adams said. Mr Wyeth was previously chief executive of both Westland Milk Products and Taupo-based dairy company Miraka. He will join Synlait on May 19 with Tim Carter in an acting position until then. Mr Carter will return to his role as CEO of Dairyworks, a subsidiary of Synlait, subsequently.“Synlait’s fundamentals are strong. The fact it’s now on track to return to profitability, after overcoming a list of challenges, reflects exceptional capability within the team,” Mr Wyeth said. “I’m looking forward to getting to know Synlait’s farmers and staff to build on, and support, the turnaround story, which is already underway.”
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Based on his background I think this is a good move for Synlait and a2m. An adult at the table focused on profitability and working with partners.
(20min delay)