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Synlait Milk has appointed Richard Wyeth as its new CEO, effective 19 May.

In January, Wyeth resigned as CEO of Westland Milk Products after four years, with a Yili executive taking over. Prior to that, he led the New Zealand-based dairy processor Miraka from 2010 to 2021.

Wyeth was also involved in establishing Open Country Dairy and held management roles at Coca-Cola Amatil and DB Breweries.

Tim Carter will continue as acting CEO until Wyeth takes over, after which he will return to his position as CEO of Dairyworks, a subsidiary of Synlait.

Synlait's chair, George Adams, commented: “Richard is a seasoned, tested and highly regarded CEO in New Zealand’s dairy industry. Synlait is extremely fortunate to have the opportunity to benefit from Richard’s extensive experience growing companies in our sector. He has positively transformed dairy companies and we are excited he is joining Synlait.”

Wyeth said: “Synlait’s fundamentals are strong. The fact it’s now on track to return to profitability, after overcoming a list of challenges, reflects exceptional capability within the team. I’m looking forward to getting to know Synlait’s farmers and staff to build on, and support, the turnaround story, which is already underway.”

Adams added: “The board is extremely grateful for Tim’s leadership as acting CEO. Momentum is building within Synlait. Tim has played an instrumental role in driving this step change in the company’s performance and ensuring we are on track to return to profitability at half year.”