Grant Watson CEO of Synlait Milk has resigned after nearly three years at the helm, following the company’s recovery from financial instability.
Watson’s tenure saw Synlait face numerous challenges, narrowly avoiding collapse with the help of a rescue package from major shareholders.
Synlait chair George Adams praised Watson for his leadership during the company’s balance sheet reset and strategic efforts to reduce risk and expand into new markets, including plant-based production and securing access to the China market.
Tim Carter, head of subsidiary Dairyworks, has been appointed as acting CEO.
