Key leadership change at Synlait Milk

Synlait Milk (ASX:SM1) has announced the resignation of its CEO, Grant Watson, effective immediately. Watson, who took over as CEO in January 2022, is recognized for his significant contributions during a challenging period for the company. Tim Carter, CEO of Dairyworks, has been appointed as Acting CEO while a global search for a permanent replacement is conducted.

Synlait Milk outlines future plans and CEO transition

Synlait Milk Limited has announced the resignation of CEO Grant Watson, who has served since January 2022. During his tenure, Watson made significant strides in resetting the company's balance sheet, diversifying market risks, and expanding production capabilities, particularly in plant-based products. Additionally, Synlait strengthened its presence in South East Asia and maintained its market in China. With his departure, Tim Carter of Dairyworks has been appointed as Acting CEO, bringing his experience in achieving record performance at Dairyworks. Synlait's Board is actively searching for a permanent CEO to continue the company's growth and market diversification strategy.

Executive insights on leadership transition

Grant Watson's leadership has been pivotal in steering Synlait through a critical phase, including strategic shifts and financial restructuring. His efforts have left a strong foundation for Synlait's future endeavors.