Tuesday, 17 December 2019 10:12

It’s All A1 at A2

Written by  Staff Reporters
Jayne Hrdlicka. 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.

More like this

No value added — Editorial

OPINION: The unexpected departure of A2 Milk’s chief executive last week was an unpleasant, but timely reminder of the destruction of value often seen between the farmgate and the end market.

A2 eyes higher sales, profits

A2 Milk expects strong first half sales supported by brand and marketing investment in China and the United States.

Featured

 

Zespri opens new head office

Zespri last week officially opened its Mount Maunganui head office as part of the kiwifruit industry’s marquee Momentum 2020 conference.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Biased?

Your old mate was disappointed, but not surprised to see a ‘study’ out of Otago University – quoted all over…

A dilemma

Your canine crusader reckons the fiercely anti GE, but pro sustainability Green Party has a dilemma on its hands, following…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter