Synlait’s Longest-Serving Employee Joins Executive Team
Synlait's longest serving employee – a man who joined the Canterbury-based milk processor even before it began processing milk – is now its newest executive.
Synlait’s share price continues to fall and last week was trading around 81c. Compare this to two years ago when it was trading at $3.45/share.
One year ago, it was hovering around $3.56/share.
A run of poor financial results and a dispute with cornerstone shareholder and key customer a2 Milk Company have seen its market capitalisation drop 75% to around $177m.
Farmers who supply milk to Synlait will be watching nervously.
