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.
SYNLAIT HAS appointed Mike Lee to the newly created role of general manager sales reporting to the managing director Dr John Penno.
Dr Penno says the appointment follows a decision to combine the previously separate ingredient and nutritional sales teams in order to better serve its customers.
"Over the past year we have made significant business development progress particularly with our tier one multinational customers," says Dr Penno.
"We are increasingly selling a range of products to them and we need to provide a single point of contact to better manage these relationships. The change to the senior team structure will also increase accountability and reduce operating complexity for us going forward."
Lee will oversee the sales function for the company. He has over 15 years dairy industry experience in business development and sales roles in New Zealand, Asia and Europe, and takes up the position after being with Synlait Milk for almost three years in the position of general manager ingredient sales.
"The infant formula market in China continues to be important to us and we are seeing new opportunities beginning to emerge as the regulatory changes taking place in that market begin to bed down. Working in China requires good relationships and a strong technical understanding, and therefore we have appointed Dr Tony McKenna as regional sales manager - China nutritionals reporting to Mike Lee.
"Tony has over 12 years' experience in the China market, four years of which have been while working at Synlait Milk, and this appointment will allow us to put even greater focus on developing our infant formula and nutritional business," says Dr Penno.
Synlait is in the final stages of completing construction of a $27 million dry blending and consumer packaging facility, and expects to be granted registration to export finished infant formula into China following the approval of its Risk Management Plan by the Ministry for Primary Industries.
For the third season in a row, Fonterra farmers are in for a farmgate milk price near $10/kgMS.
The chief executive of Apples and Pears New Zealand, Danielle Adsett, says fruit quality this year is phenomenal and the sector is hitting crop estimates, which is great for growers.
Centre right parties are backing policy positions pushed by three farmer lobby groups ahead of the general election.
Waikato agribusiness leader Geoff Maber has been appointed an Officer of the New Zealand Order of Merit (ONZM) in the 2026 King's Birthday Honours.
Potatoes New Zealand and Garden to Table have partnered together to celebrate a versatile vegetable and the people behind it.
Mainland Poultry has confirmed new ownership of its vertically integrated agribusiness with Pacific Equity Partners Gateway (PEP Gateway) now joining current shareholders Navis.
OPINION: Reckless action by Greenpeace in 2024 forced Fonterra to shut down a drying plant for four hours, costing the co-op…
OPINION: The global crusade against fossil fuel is gaining momentum in some regions.