Tuesday, 17 December 2019 10:12

It’s All A1 at A2

Written by Staff Reporters

font size decrease font size increase font size
Print
Email

Jayne Hrdlicka.

A2 Milk Company interim chief executive Geoffrey Babidge says it will be business as usual for the premium brand milk processor.

“I have already had the benefit of reviewing the company’s strategy and position and can say I don’t envisage any material change to the plan that the board and senior management have in place,” he told an investor briefing last week.

Babidge, who retired from the role 16 months ago, agreed to return on an interim basis after the shock resignation of Jayne Hrdlicka.

In a market announcement, Hrdlicka said she had not anticipated the amount of travel involved when she took up the role 18 months ago.

A2 chairman David Hearn says Hrdlicka’s departure wasn’t performance related.

Babidge says a2 Milk’s commitment to building a China and US business with multi-channel distribution capability will not change.

Hearn says the plan’s implementation will be the intensive focus of the next three to five years.

Following the announcement of Hrdlicka’s departure, a2 Milk share price dropped, but has since recovered.

The company says a global search for a new chief executive will start immediately.

Featured

Survey shows most Fonterra farmers plan to use capital return for debt reduction

A large slice of the $3.2 billion proposed capital return for Fonterra farmer shareholders could end up with the banks.

McClay: “Go hard, go fast!"

Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.

Fonterra’s $3.2b capital return to farmers set to boost rural incomes and NZ economy

According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.

$2b boost in NZ exports to EU

New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.

US tariffs hit European ag machinery markets

The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.

Tributes paid to Jim Bolger

Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.