Primary Sector

A2 Milk boss steps down, NZSA says board must be held to account

Rebecca Howard
Mon, 09 Dec 2019

A2 Milk Co chief executive and managing director Jayne Hrdlicka will step down from her role effective immediately and former head Geoffrey Babidge will take the helm while a search for a replacement is underway.The stock dropped 7.7 percent to $14 when trading on the NZX opened. The shares have since recovered slightly and were recently down 3.4 percent at $14.65. Hrdlicka, who took over as CEO in mid-2018, said she joined the company “excited about the opportunity to help define its full potential and deliver against it.”Too much t...

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