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Synlait Milk has confirmed that chief executive officer Richard Wyeth has resigned and will remain with the company until 30 June 2026 to oversee an orderly transition.

Wyeth joined Synlait in May 2025 and has served as CEO through a period focused on operational, quality and financial stabilisation. The board said he made a strong contribution during his tenure, particularly in addressing key performance issues and supporting efforts to rebuild customer relationships.

Before joining Synlait, Wyeth held senior leadership roles including chief executive of Westland Milk Products from 2021 to 2025 and chief executive of Miraka Limited from 2010 to 2021.

The board thanked him for his leadership and commitment and wished him well for the future.

Leon Fung has been appointed acting chief executive with immediate effect from 14 May 2026. He is based in New Zealand.

Fung brings nearly 30 years of experience across manufacturing, operations, capital investment and market development. His previous senior roles include chief executive of NIG Nutritionals and operations director for Danone Oceania.

He joined Synlait as a director in June 2024 and has served as chair of the company’s People, Environment and Governance Committee since November 2025.

Synlait said this has given him detailed insight into its operations and current challenges, positioning him to lead the business during the transition period.