Synlait Milk has appointed former Fonterra executive Leon Clement as its new chief executive officer, effective from mid-August 2018.
Clement most recently operated as the managing director of Fonterra Brands New Zealand, and prior to holding that role Clement served as Fonterra’s managing director of Sri Lanka and the Indian Subcontinent.
Clement will succeed the outgoing John Penno, who co-founded Synlait in 2000, though Penno will retain a role at the company until mid-August in order to ensure a smooth transition.
Leon Clement, the incoming CEO of Synlait Milk said: “I’m passionate about New Zealand agriculture, and growing people and businesses in a sustainable way.”
“That’s why I’m so excited to be joining the Synlait team at such a pivotal time.
“The progress to date is impressive and under John’s leadership Synlait has achieved some significant milestones, which have set the business up well for the next phase of growth.
“The business is in fantastic shape and we will continue to target sustainable growth by leveraging the potential within our organisation, as well as the potential in the markets and customers we partner with.”
Graeme Milne, chairman of Synlait added: “Leon has led major businesses internationally, specifically in Vietnam and Sri Lanka, and has deep experience in the branded dairy sector.
“He brings a broad range of skills and experience that is relevant to Synlait’s future strategic initiatives.”
“The board of directors is pleased to have attracted a high-calibre candidate.
“With a reputable senior leadership team in place and an organisation of great people, we’re confident the incoming CEO has the skills and capabilities to lead Synlait to an even better future off the platform that has been created thus far.”
Earlier this year, Synlait invested $189 million to build a nutritional powder manufacturing site in Pokeno, New Zealand, its second powder manufacturing facility.
© FoodBev Media Ltd 2020