Synlait CEO Resignation Highlights Deeper Challenges Facing Dairy Processor
A revolving door of chief executives at milk processor Synlait is a warning sign, says Lincon University senior lecturer in agribusiness Nic Lees.
Over 500 people attended the biennial awards dinner held on July 28 at the Lincoln Events Centre. Finalists for the award included Coppersfolly Ltd and Ellesmere Transport Company Ltd.
Since operations began in 2008, Synlait has grown to become one of Selwyn's largest companies, processing over 500 million litres of milk a year from around 150 Canterbury farms, and employing 128 staff.
Synlait exports to over 40 countries and has grown revenue to $400 million in only four years of operation from its Rakaia site.
The agribusiness award recognises the growth of Synlait Milk in the Selwyn District and the company's contribution to the local community, by increasing economic benefit, agriculture productivity, innovation and environmental awareness.
"The Agri-Business award is testament to our business strategy and the effort from all our staff. It is an honour to be recognised by our local community for our continuing commitment to the district," says Synlait CEO John Penno.
