A2 Milk goes sour on poor board decisions

Former A2 Milk CEO Jayne Hrdlicka.

Sat, 15 May 2021

It is hard to believe the A2 Milk Company has fallen from the second to thirteenth largest NZX company, in market value, since this time last year.In mid-May 2020, most broker analysts had a buy or hold recommendation on the stock but since then its market value has dived from $14.4 billion to $4.5b.There are several important lessons to be learned from this debacle, including the requirement for boards to have clear succession plans for CEOs and directors. Management succession Geoff Babidge, who was appointed A2 managing director in...

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