Thursday, April 25, 2024

Miraka CEO heading to Synlait

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Grant Watson will leave Miraka to go to Synlait after less than one year as chief executive.
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Grant Watson will leave Miraka to go to Synlait after less than one year as chief executive.

He joined Miraka in February when Richard Wyeth went to Westland Milk after 11 years.

Watson will replace Synlait founder John Penno, who was acting chief executive for nine months after the departure of Leon Clement, who served two-and-a-half years.

Watson is a former head of foodservice for Fonterra, manager of Fonterra Brands NZ and managing director of Tip Top.

Before his decade with Fonterra, he was chief operating officer for McDonald’s NZ.

Penno will now have a planned two years as chair of the Synlait board, which will require a ratification from shareholders at the December 1 annual meeting.

That is because the company’s constitution states the chair should be an independent director, whereas Penno is a previous CEO and significant shareholder.

Chair Graeme Milne will retire and his position as independent director will be filled by Paul McGilvary, who until six years ago was a long-serving CEO of Tatua Dairy Co-operative.

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