Tuesday, 12 October 2021 12:00

On the move

Written by Milking It

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Six months after welcoming a new chief executive, Maori-owned milk processor Miraka has had to start a new search for a leader.

Grant Watson, who left Fonterra earlier this year to join Miraka has now been poached by troubled processor Synlait.

It's quite unusual for a CEO to leave six months into his new job but the lure of turning around the fortunes of a listed company may have triggered Watson's move. That's speculative though as no reason has been given for Watson leaving Miraka.

Now all eyes will be on Grant Watson as he tries to move Synlait back into the black after the processor recorded its first trading loss since listing on NZX - following well-publicised trading difficulties.

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