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.
Westland Dairy Company's new chief executive Richard Wyeth stared his new role last week.
Wyeth, the former Miraka chief executive, is looking forward to bringing the strength of a global dairy giant to the opportunities that lie ahead for the West Coast dairy processor. Westland is owned by China’s Yili Group.
Wyeth took over from Shiqing Jian, who was interim chief executive following the resignation of Toni Brendish in August last year.
“We hope Richard is as excited as we are about the opportunities that lie ahead for Westland as he takes stewardship of this iconic New Zealand company,’’ Jian said.
Wyeth said Westland holds a unique place within the New Zealand dairy landscape and now, with the backing of Yili, the company was uniquely placed to leverage the advantages of its strong dairy heritage and culture.
“It is a great honour to be entrusted as the custodian of this iconic New Zealand company. I am especially aware of the important role Westland plays, not only within the New Zealand dairy industry, but also as part of the West Coast and Canterbury communities.
“Yili is an enormously innovative company dedicated to quality and serving the consumer above everything else. Being part of that naturally brings huge advantages for Westland.
“There has never been a more exciting time for the dairy industry in New Zealand and I look forward to embracing all the challenges, opportunities and responsibilities that brings in my new role.’’
Three men have been sentenced in District Courts after Ministry for Primary Industries prosecutions over animal welfare, food safety and cattle tracing offences.
Fonterra’s 2026 financial year was a year of delivery, with record volumes of milk collected, processed and shipped by the co-op.
OPINION: The Government's decision to reinstate agriculture and horticultural science as a standalone subject from Year 11 is the right one.
Dairy farmers, still holding onto their Fonterra shares despite switching milk supply elsewhere or exiting the industry, now face a stricter share sell-down requirement.
Hamilton-based agritech company Aimer Farming has completed a $3 million capital raise to support its next stage of growth, including a beef farming product due to launch in 2027.
When dairy manager Miriam Lauridsen learned the farm, she was joining held weekly health and safety meetings, she initially thought that was “a bit over the top”. Experiencing that culture changed her mind.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.