New CEO ‘looking forward to building on the turnaround story that is already underway’.
Richard Wyeth has been appointed CEO of Synlait
He joins the company on May 19, having previously been CEO at Westland for four years.
Tim Carter will remain acting CEO until Wyeth starts and then return to his role as CEO of Synlait subsidiary Dairyworks.
Synlait chair George Adams called Wyeth a “seasoned, tested, and highly regarded CEO in New Zealand’s dairy industry”.
Prior to working at Westland, Wyeth was CEO at Taupō-based dairy company Miraka. He also helped establish Open Country Dairy and held management positions with Coca-Cola Amatil and DB Breweries before that.
In 2013, Richard was awarded a Prime Minister’s scholarship, which enabled him to study at the INSEAD Business School in Singapore and Abu Dhabi.
Wyeth said Synlait’s fundamentals are strong.
“The fact it’s now on track to return to profitability, after overcoming a list of challenges, reflects exceptional capability within the team. I’m looking forward to getting to know Synlait’s farmers and staff to build on, and support, the turnaround story, which is already underway.”
Adams said momentum is building within Synlait.
“Tim [Carter] has played an instrumental role in driving this step change in the company’s performance and ensuring we are on track to return to profitability at half year.”
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