Synlait shares in trading halt
Listed Canterbury milk processor Synlait’s shares have been placed in a trading halt.
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.
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
World Veterinary Day falls on Saturday 27 April.
The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole range of groups and people around the country.
A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in this year's Biosecurity Awards, held at Parliament.
One of the country's top Māori sheep and beef farms is facing a five-year battle to get back to where it was before Cyclone Gabrielle struck just over 14 months ago.