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Displaying items by tag: A2 MILK
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 Milk Company interim chief executive Geoffrey Babidge says it will be business as usual for the premium brand milk processor.
Outgoing a2 Milk chief executive Jayne Hrdlicka says she has stepped down due to excessive travel commitments.
A2 Milk expects strong first half sales supported by brand and marketing investment in China and the United States.
Infant nutrition products contributed strongly to a2 Milk’s record results for the year ended June 30, 2019.
This year was pivotal in the “transformative dynamic” of a2 Milk Company and it had “really only just scratched the surface” of its potential as a business, chief executive Jayne Hrdlicka says.
The A2 Milk Co more than doubled its profit to $195.7 million in the year to June 30 – over 116% ahead of the previous financial year.
A2 milk market leader a2 Milk Company (a2MC) is eyeing a joint infant formula production facility with Fonterra in New Zealand.
Federated Farmers national dairy chair Chris Lewis says he is looking into transitioning to an A2 herd but he questions whether the premium will stick if everyone switches.