Synlait Milk director of operations resigns

Company News

by Anna Napoli

Synlait Milk (ASX:SM1) today announced that Director of Operations Neil Betteridge has resigned to pursue career opportunities outside the company.

The company says there will be no change to existing commercial arrangements or operations and Synlait will continue to invest for future growth. Alternative operational arrangements have been made until a replacement for Neil is found.

Synlait says Neil was one of the first employees appointed when the company was founded more than a decade ago and he’s made a key contribution to the business during a period of strong growth and development.

Synlait will announce its annual results on 12 September 2019. The company reported a 9.6 per cent decline in first half NPAT to $37.3 million, down on last year's $41.3 million.

Shares in Synlait (ASX:SM1) are trading 0.48 per cent lower at $9.39.