NZ's Synlait Milk eyes worst day in nearly 8 weeks after CEO resigns

Synlait Milk

21/10/2024 01:29

** Shares of Synlait Milk  SML.NZ  fall as much as 8.1% to
NZ$0.40, their biggest intraday fall since Aug. 28
    ** Milk processing firm's chief executive Grant Watson
resigns
    ** Says head of co's dairyworks business Tim Carter will
take on interim chief executive role
    ** Says co will begin a global search process for new CEO
    ** Says dairyworks CFO Aaron Kenny will act as dairyworks
CEO in the interim
    ** Stock down 54.2% YTD as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))