Synlait CEO Leon Clement makes surprise resignation

Synlait CEO Leon Clement makes surprise resignation
Synlait has been hit by its biggest customer A2 going through tough times.
Rebecca Howard
Synlait’s dire first-half result may have been the catalyst that led chief executive Leon Clement to exit stage-left.Clement will stay in the position until the end of April when co-founder, former chief executive and board member John Penno will take over in an interim capacity on May 1. Clement has been chief executive since 2018. The company will begin recruiting shortly. No reason was given for Clement’s resignation, but the board did recognise “the substantial impact that covid-19 has had on Synlait and the...

More Primary Sector

NZ exporters salivating at possible UAE trade deal
Primary Sector

NZ exporters salivating at possible UAE trade deal

The United Arab Emirates is already an important market for NZ dairy and meat exports.

Staff reporters 07 May 2024
Dairy Goat Co-op chair Campbell Storey to step down
Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down

He won't go until the annual meeting in September, however.

Riley Kennedy 02 May 2024
John Penno quits Synlait board as George Adams elected chair
Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 01 May 2024