Ruth Richardson out as Synlait director

Ruth Richardson. (Image: Supplied)

Tue, 04 Jun 2024

Synlait Milk’s major shareholder has dismissed Ruth Richardson as an appointed director of the debt-laden dairy company.Richardson, a former finance minister who has been on the company’s board for more than 10 years, has been replaced by Leon Fung, effective immediately.The dual-listed processor announced to the ASX on Monday it faced an exodus of farmer suppliers, with a “significant majority” filing two-year notices to quit.Yesterday’s announcement was posted on the NZX – which is Synlait&rs...

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