Synlait Milk Limited has announced the resignation of its CEO, Grant Watson.
Watson took up the role in January 2022 and has overseen the company through an unprecedented era in its history.
“Recent months have seen a long list of urgent challenges for Synlait, and Grant’s ably led the team through them. His achievements are extensive and notably include our balance sheet’s recent, successful reset,” said Synlait chair, George Adams.
“Grant’s tenure has been incredibly busy – notably resetting Synlait’s strategy to reduce our customer and market concentration risk, commercialising plant-based production at Pokeno and our Foodservice business in Canterbury, extending our reach into South East Asia, maintaining our China market access, and building an outstanding executive team.”
Meanwhile, Watson was full of praise for his time at the company.
“Synlait is an amazing and agile company, which I have been honoured to lead. Working with our passionate employees and farmers who care deeply about Synlait’s success has been a privilege,” he said.
“Our team’s determination and dedication to deliver has also been a real highlight. I wish Synlait all the best for a successful future.”
Dairyworks CEO Tim Carter has been appointed Acting CEO of Synlait from today, while the Board commence a global recruitment process.
Meanwhile, Aaron Kenny, Dairyworks’ CFO, will act as Dairyworks CEO in the interim.