Two Major NZ Dairy Deals Completed
Two major acquisitions in the New Zealand dairy sector were completed this week.
Casey Blatch, group financial controller for Canterbury milk processor Synlait Milk is the Young Financial Manager of the Year.
He received the award at the 2017 CFO Awards in Auckland on March 15.
John Penno, Synlait’s managing director congratulated Blatch.
“We’re very proud he has been recognised by his senior peers as a leading young financial manager in the business community,” says Penno.
Since joining Synlait in 2014, Blatch has been involved in a number of initiatives to support the company’s growth. These include the development of a unique financing facility (secured by working capital), improving the efficiency of financial processes and overseeing a new foreign exchange hedging policy.
“Casey also played a key role in the process to dual list Synlait on the NZX and ASX. This was at the same time as a rights issue in October 2016, which was fully subscribed and raised $97.6 million of new equity,” adds Penno.
Blatch says he has had some great opportunities present themselves.
“I know that having strong mentors and an incredible team by my side have allowed me to tackle them head on,” says Blatch.
“For that I’m very grateful and I want to thank everyone who has helped me develop and grow so far.”
Synlait was also a finalist for the Financial Innovation Project of the Year award. The annual CFO Awards celebrate excellence in financial leadership in New Zealand.
Cyclone Vaianu is continuing its track south towards the Bay of Plenty, bringing with it destructive winds, heavy rain, and large swells, says Metservice.
While Cyclone Vaianu remains off the East Coast of New Zealand, the Waikato Civil Defence Emergency Management (CDEM) Group says impacts have been felt overnight.
A Local State of Emergency has been declared for the Waikato for a period of seven days as the region prepares for Cyclone Vaianu to hit the area.
Farmers will get an opportunity to hear about the latest developments in sheep genetics at the Sheep Breeder Forum this May.
Specialist horticulture and viticulture weather forecasters Metris says the incoming Cyclone Vaianu is likely to impact growers across the country.
A group of old Otago uni mates with a love of South Island back-country have gone the lengths of Waiau Toa Clarence from source to sea. Tim Fulton, who joined the group in the final fun to the river mouth, tells their story.
OPINION: Who will replace Miles Hurrell as Fonterra's next CEO?
OPINION: Governments all over the world are dealing with the fuel crisis.