Synlait | Synlait names new acting CEO as Watson departs

Synlait Milk Limited has announced the resignation of CEO Grant Watson, who led the company through a challenging period of financial restructuring.

Synlait Milk Limited (ASX:SM1) has announced the resignation of CEO Grant Watson, who led the company through a challenging period of financial restructuring. His tenure saw Synlait reduce its debt through a $130 million shareholder loan and a $218 million equity raise. Synlait Chair George Adams praised Watson’s leadership, stating, “Grant has been instrumental in resetting our balance sheet and navigating difficult market conditions.”

Watson, who joined Synlait in January 2022, previously held key roles at Fonterra, including as Director of Global Foodservice and Managing Director of Tip Top. Before Synlait, he served as CEO of Miraka, where he developed extensive experience in the dairy industry.

With Dairyworks CEO Tim Carter stepping in as Acting CEO, Synlait now focuses on its next phase, aiming to drive profitability and expand in South East Asia.

You can now read the most important #news on #eDairyNews #Whatsapp channels!!!

🇺🇸 eDairy News INGLÊS: https://whatsapp.com/channel/0029VaKsjzGDTkJyIN6hcP1K

Look also

What mass deportations could mean for Idaho’s dairy industry

It’s no secret that agriculture is one of Idaho’s biggest economic drivers, as it’s worth billions of dollars.

You may be interested in

Join the Dairy Revolution: Wisconsin’s $52.8 Billion Boom

What mass deportations could mean for Idaho’s dairy industry

Thanksgiving Dinner Costs Are Down Again

Topics |
Synlait

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.