Synlait Milk Appoints Acting CEO as Grant Watson Steps Down
Source: DairyNews.today
Synlait Milk Limited (ASX) has announced the resignation of CEO Grant Watson, who played a pivotal role in steering the company through a period of significant financial restructuring. Watson’s leadership saw Synlait secure a $130 million shareholder loan and successfully complete a $218 million equity raise, key initiatives in reducing the company’s debt and stabilizing its balance sheet.
In a statement, Synlait Chair George Adams commended Watson’s contributions, noting, “Grant has been instrumental in resetting our balance sheet and navigating difficult market conditions.”
Watson, who took on the role in January 2022, brought extensive experience fr om his previous leadership positions at Fonterra, wh ere he served as Director of Global Foodservice and Managing Director of Tip Top. Before joining Synlait, he was the CEO of Miraka, further deepening his expertise in the dairy industry.
As Watson departs, Dairyworks CEO Tim Carter has been appointed as Acting CEO. Under Carter’s interim leadership, Synlait will continue to focus on its strategic goals, including driving profitability and expanding its footprint in key markets such as South East Asia.
The leadership transition marks a new chapter for Synlait as it seeks to build on the financial foundations set during Watson’s tenure and capitalize on emerging market opportunities.
Watson, who took on the role in January 2022, brought extensive experience fr om his previous leadership positions at Fonterra, wh ere he served as Director of Global Foodservice and Managing Director of Tip Top. Before joining Synlait, he was the CEO of Miraka, further deepening his expertise in the dairy industry.
As Watson departs, Dairyworks CEO Tim Carter has been appointed as Acting CEO. Under Carter’s interim leadership, Synlait will continue to focus on its strategic goals, including driving profitability and expanding its footprint in key markets such as South East Asia.
The leadership transition marks a new chapter for Synlait as it seeks to build on the financial foundations set during Watson’s tenure and capitalize on emerging market opportunities.
