Top dairy CEO quits
Arguably one of the country's top dairy company's chief executives, Richard Wyeth has abruptly quit Chinese owned Westland Milk Products (WMP)
Former Westland Milk chairman Pete Morrison says Yili’s new ownership represents a significant milestone for the former co-op and the start of a new era for the dairy industry on the West Coast.
He says Westland is a proud business with a strong history on the West Coast and in Canterbury.
“Jingang’s ownership provides confidence, security and competitive payouts for farmers – and their families – in our region. I am sure this will provide a strong platform for dairying in the region for many years ahead.”
Morrison says throughout the sale process all farmers were treated equally and all stand to be equally rewarded in the future.
“Fairness and equality were critical principles for the board and we are pleased these principles were understood and respected by Jingang and Yili throughout our negotiations.
“My fellow farmers and I now look forward to helping Yili achieve its long term goal of becoming the most trusted healthy food provider in the world. It is an exciting vision and it is exciting to help make this a reality.
“The strong engagement and support shown by Westland’s shareholders at the recent shareholder meeting demonstrates the importance our farmers place on the new relationship and their faith in Yili working with them to build Westland’s positive future.
“It is truly a win-win result for all involved.”
A brilliant result and great news for growers and regional economies. That's how horticulture sector leaders are describing the news that sector exports for the year ended June 30 will reach $8.4 billion - an increase of 19% on last year and is forecast to hit close to $10 billion in 2029.
Funding is proving crucial for predator control despite a broken model reliant on the goodwill of volunteers.
A major milestone on New Zealand's unique journey to eradicate Mycoplasma bovis could come before the end of this year.
We're working through it, and we'll get to it.
The debate around New Zealand's future in the Paris Agreement is heating up.
A technical lab manager for Apata, Phoebe Scherer, has won the Bay of Plenty 2025 Young Grower regional title.