Rob Stowell News Today

The New Zealand sharemarket, down half a per cent, posted its sixth fall in a row, while Heartland Group was well on its way to completing a significant $210...

New Zealand dairy business Synlait Milk has appointed Rob Stowell to the newly created position of chief commercial officer.

Debt-laden dairy company Synlait Milk has made its chief finance officer Rob Stowell responsible for speeding up the sale of Dairyworks. In his newly created...

Read trending news, stories and press releases from PMN Wire News about Canadian and international businesses.

Synlait Milk says banks have its back after plunge into red Share Troubled dairy processor Synlait Milk says it has the support of banks and will not need to raise capital after plunging into loss-making territory. Synlait’s woes reflect some of those being faced by a2 Milk Company, one of its major customers and a shareholder. New Zealand-based Synlait said on Monday that it expected to report a full-year loss of $NZ20 million-$NZ30 million ($18.6 million-$27.8 million) based on a triple wha...

Synlait CFO resigns - second top exec to leave within a month 13 May, 2021 09:23 PM 2 minutes to read Synlaits chief financial officer Angela Dixon has resigned. Photo / NZ Herald Synlait Milks chief financial officer Angela Dixon has resigned, the company said. Her resignation follows the sudden departure in mid-April of Synlaits chief executive Leon Clement. The companys co-founder and former chief executive John Penno is filling in as CEO until a replacement is found. Read...

I will add my little voice to the big thank yous Russel Brown. All the help has been urgently needed. Much appreciated, never to be forgotten. If this wins, and I am now confident it will, it will be a victory of thought over fear – and that will be historic. Yay for you, for me, for us! The MakeItLegal site has reached (according to Facebokk stats) over two million people. Quite large – and it has depended on ordinary people sharing on their social media – yay for all of us. What ...

Synlait CFO resigns - second top exec to leave within a month 13 May, 2021 09:23 PM 2 minutes to read Synlaits chief financial officer Angela Dixon has resigned. Photo / NZ Herald Synlait Milks chief financial officer Angela Dixon has resigned, the company said. Her resignation follows the sudden departure in mid-April of Synlaits chief executive Leon Clement. The companys co-founder and former chief executive John Penno is filling in as CEO until a replacement is found. Read...

Clement oversaw many changes at the company, including a major expansion phase and more recently a $200m capital raise to strengthen its books. In March, the company reported a “challenging” first half with a 76 per cent fall in net profit to $6.4 million, although revenue was up 19 per cent. It noted “significant uncertainty and volatility” included shipping delays and a sudden drop in demand for infant formula. Ongoing uncertainty over demand from one of its major clients, a2 Mi...

I know there are people within the National Party who care about this. One told me yesterday he believed that the “defamation for hire” business being conducted wiped tens of millions of dollars off the value of corporate brands. We need to know what was done and how far it extended, and I don’t give a flying shit who is politically embarrassed in the course of finding out. That’s not the point. We need our political leaders, of whatever stripe, to show some decency and find out. And we...