Synlait’s Board Shakeup: Another Director Exits

Synlait director Paul Robinson has resigned, effective from August 31, 2025, marking a continuation of board instability for the New Zealand dairy company. This follows the recent removal of another director and major shareholder, John Penno, due to 'governance and strategic differences.' With Robinson’s departure, Synlait is experiencing a tumultuous period, dealing with significant strategic and financial challenges including a declining share price. The board's decision to oust Penno, a founder of Synlait, highlights deep-seated disagreements within the company’s leadership. The ongoing instability at Synlait poses a critical issue for dairy economics and the broader agribusiness community. As the company endeavors to stabilize and steer towards profitability, analysts and investors remain cautious about its future prospects. For Synlait, a key player in the dairy sector, the path forward will require unified leadership and strategic clarity to regain investor confidence and ensure sustainable growth.