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.
Richard Wyeth, Westland Milk Products' new chief executive-elect says he is looking forward to running the company.
The chief executive-elect of Yili-owned Westland Milk Products Richard Wyeth says he’s looking forward to the challenge of running the company.
For the past eleven years Wyeth has headed up Miraka, the highly successful Maori-owned dairy company based in Taupo. He says he wasn’t actively looking for a change but says the opportunity to move was timely and a chance to advance his career.
Wyeth says Westland is a really iconic company and when he went down to Hokitika for the 75th celebrations of company, he was suitably impressed.
“I was really impressed with the people on that visit. It’s a good sized business with 700 staff and it’s a real challenge to get involved. The operation is unusual in that the milk collection area extends over 600 kilometres and that is a challenge in itself. It’s phenomenal when you think of the distance that milk has to be collected and the different climatic conditions within that area,” he says.
Wyeth says his experience in dealing with China in his present role at Miraka was probably a factor in being headhunted for the role at Westland.
He says he’s been travelling to China for 13 years now and he finds it quite ironic that the first dairy company he visited when he went to Mongolia was Yili.
“I have always been super impressed with Yili as a company. Their attention to detail in China is second to none,” he says.
Wyeth is under no illusions that West Coast dairy farmers have high expectations about what he might do for the company, which has struggled over the years.
His first task is to look at the strategy of the company and get a good understanding of the business before thinking about making changes. He says Westland has had challenges with capital structure, but this has now been resolved. He says the milk price is also locked in.
“So I am looking forward to the opportunity to execute the new strategy and see how I can build the business,” he says.
Wyeth will start with Westland at the end of February.
Amber Davy has won the 2026 Canterbury Young Grower regional title.
Carey Pawson-Edwards, a South Canterbury stock manager, has been named the winner of the 2026 Rabobank Management Project Award.
Nominations are now open for two directorships on the Ravensdown Board and will close at 5pm, Friday 24 July 2026.
AMINZ and the Ministry for Primary Industries (MPI) have partnered to develop a new Farm Debt Mediation video series aimed at farmers, creditors, and advisors.
Taranaki is preparing to welcome the country’s top young farmers for one of rural New Zealand’s most anticipated events.
Horticulture New Zealand’s Board has welcomed the re-election of grower-elected directors Alistair Petrie and Doug Brown.
OPINION: No one messes around with Winston Peters, more so in a general election year.
OPINION: Staying on Federated Farmers, this week's annual general meeting in Auckland is shaping up to be an interesting one.