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.
Milking It wonders hpw long its Chinese majority owner, Bright Dairy, will tolerate the losses.
The sale of Synlait's North Island assets this month will bring some relief.
Also, Synlait has seasoned industry stalwart Richard Wyeth as its new chief executive.
Wyeth was blunt in his assessment. He's bringing the focus back into the core areas of the business and adds that over the last 12 to 18 months, the business has been incredible reactionary, with very little commercial fixability or optionality. Ouch!
