A new chapter begins for Synlait Milk with the appointment of Richard Wyeth as its Chief Executive Officer, set to commence on May 19th. Wyeth brings a wealth of experience from various leadership roles within New Zealand's dairy sector. His career highlights include serving as CEO of Westland Milk Products and leading Miraka, a prominent dairy processor in New Zealand. Additionally, he has been instrumental in establishing Open Country Dairy and held significant positions at multinational companies such as Coca-Cola Amatil and DB Breweries.

Wyeth’s transition into this role comes after Tim Carter's interim tenure as acting CEO. Once Wyeth officially assumes his position, Carter will revert to his role as CEO of Dairyworks, a subsidiary under Synlait. George Adams, the chair of Synlait, expressed enthusiasm about Wyeth joining the team. According to Adams, Wyeth’s extensive background in growing and transforming dairy enterprises makes him an invaluable asset to Synlait. The company is eager to leverage Wyeth’s expertise to further strengthen its operations and continue its journey towards profitability.

The board acknowledges the significant contributions made by Tim Carter during his time as acting CEO. Under his guidance, Synlait has demonstrated remarkable progress, setting the stage for future success. With Wyeth at the helm, the company is poised to build upon these achievements. Wyeth’s optimism about Synlait’s strong fundamentals and capable team underscores the potential for continued growth and success in the dairy industry. This leadership change marks a pivotal moment for Synlait, signaling a promising path forward.