Wednesday, 30 October 2024 09:25

Brighter future

Written by  Milking It

OPINION: The abrupt departure of Synlait chief executive Grant Watson could be a sign that Chinese company Bright Dairy, the new majority owner of the listed company, is taking charge.

Watson was a key figure involved in negotiations that led to the troubled milk processor securing a lifeline. But with Bright now in control - lifting its stake from 39% to almost 65% - they get a free hand in deciding how the company is run.

Does Watson's departure also mean that the days of non-Bright directors on the board are numbered?

It's clear that Synlait needs to be run differently to ensure a brighter future. Early indications are that Bright Dairy is thinking the same.

More like this

Synlait snag

OPINION: Canterbury milk processor Synlait's recovery seems to have hit another snag.

It's all about economics

OPINION: According to media reports, the eye-watering price of butter has prompted Finance Minister Nicola Willis to ask for a 'please explain' from her former employer Fonterra.

Red line on dairy

OPINION: As India negotiates to open its borders to more global products, dairy is proving a sticky issue.

Farmland security

OPINION: Paranoia about foreigners is at an all-time high in the US and attention is now turning to foreign-owned farmland.

Featured

National

Machinery & Products

» Latest Print Issues Online

Milking It

Fatberg

OPINION: Sydney has a $12 million milk disposal problem.

Synlait snag

OPINION: Canterbury milk processor Synlait's recovery seems to have hit another snag.

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter