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A2 Milk gets tick from NZ regulator on Mataura Valley Milk buy Share The New Zealand Overseas Investment Office (OIO) has given The a2 Milk Company’s plan to buy a 75 per cent interest in dairy nutrition business Mataura Valley Milk a tick of approval. A completion of the $NZ270 million ($245 million) deal announced last August will move ahead from the end of July. The infant formula and milk business a2 Milk has posted four downgrades since September.  The factory in Southland, New Zealand, will enable a2 Milk to move down the supply chain into manufacturing nutritional products, as well ...

A2 Milk appoints new chief of marketing Share The a2 Milk Company has tapped former Danone Nutricia executive Edith Bailey as its chief marketing officer replacing long serving Susan Massasso who recently stepped down after eight years. Ms Bailey will join the baby formula and fresh milk company from her most recent role as consumer marketing director, ANZ, with Danone Nutricia’s specialised nutrition division, having spent the past 14 years with the organisation in several senior positions. Edith Bailey is the new CMO of a2 Milk.  Supplied A2 Milk outlined that Ms Bailey has significant e...

Synlait CFO resigns - second top exec to leave within a month 13 May, 2021 09:23 PM 2 minutes to read Synlait's chief financial officer Angela Dixon has resigned. Photo / NZ Herald Synlait Milk's chief financial officer Angela Dixon has resigned, the company said. Her resignation follows the sudden departure in mid-April of Synlait's chief executive Leon Clement. The company's co-founder and former chief executive John Penno is filling in as CEO until a replacement is found. Read More In a statement today, Penno said: "On behalf of our team, I would like to thank Angela for...

Synlait CFO resigns - second top exec to leave within a month 13 May, 2021 09:23 PM 2 minutes to read Synlait's chief financial officer Angela Dixon has resigned. Photo / NZ Herald Synlait Milk's chief financial officer Angela Dixon has resigned, the company said. Her resignation follows the sudden departure in mid-April of Synlait's chief executive Leon Clement. The company's co-founder and former chief executive John Penno is filling in as CEO until a replacement is found. Read More In a statement today, Penno said: "On behalf of our team, I would like to thank Angela for...

A2 Milk has launched a strategic review of its business after it was forced to slash its earnings forecast and write down the value of its assets. The company has been wrestling with the effects of closed borders, declining infant births in China and excess supply of its premium infant formula brand (File image). Photo: 123rf The specialty dairy company's third-quarter sales were in line with expectations at $295 million, but it said steps taken to improve profitability through the daigou and e-commerce channels had been ineffective. The daigou channel is an unofficial trades route whereby C...