Richard Wyeth Appointed CEO of Synlait

Richard Wyeth to Lead Synlait

Richard Wyeth has officially been appointed as the CEO of Synlait. The change in leadership was announced to take effect on May 19, replacing Tim Carter, who has been the acting CEO. Carter will return to his position as CEO of Synlait’s subsidiary Dairyworks once Wyeth assumes the role.

Background and Experience

Wyeth transitions to Synlait with substantial experience in the dairy industry. He has previously served as CEO of Westland and has an impressive track record in managing companies in New Zealand's dairy sector. Before his tenure at Westland, Wyeth was the CEO of Miraka, a dairy company based in Taupō. His career also includes helping to establish Open Country Dairy and holding management roles at Coca-Cola Amatil and DB Breweries.

Acknowledgments and Future Outlook

George Adams, the chair of Synlait, praised Wyeth as a “seasoned, tested, and highly regarded CEO in New Zealand’s dairy industry.” Wyeth expressed enthusiasm about joining Synlait, stating, “The fundamentals are strong, and I look forward to working with the team to continue the turnaround story already underway.” Adams noted the momentum the company has gained and emphasized the vital role Carter played in driving their recent performance improvements.

Achieving Profitability

Synlait is on track to return to profitability after overcoming significant challenges. The company credits its positive trajectory to the exceptional capability within its teams.