Paul Robinson steps down as senior director at Synlait 

NEW ZEALAND – Synlait director Paul Robinson has resigned, continuing a period of board instability and strategic challenges for the New Zealand dairy company.

Robinson’s exit follows a tumultuous period for the New Zealand-based dairy processor, which has been grappling with significant strategic and financial challenges over the past two years, including a struggling share price.

His resignation comes after Synlait board’s decision to remove fellow director and major shareholder John Penno just a day prior.

Penno, a founder of the company, was an influential voice and his sudden departure sent ripples through the dairy industry.

The board stated that the decision to remove Penno was made to resolve “governance and strategic differences,” a clear sign of deep-seated disagreements at the leadership level.

The company has been under immense pressure to improve its financial performance and strategic direction. The company’s share price has been on a downward trend, reflecting market skepticism and investor concerns about its future.

This poor performance is a key factor behind the instability, as shareholders and board members alike seek a clear path forward and a resolution to the ongoing issues that have hampered the company’s growth.

Paul Mallard to step down as Synlait Milk’s COO

Recently, the company confirmed the resignation of its Chief Operating Officer (COO), Paul Mallard.

The announcement comes as the company embarks on a search for his successor, marking a significant leadership transition at a time when operational efficiency and strategic alignment are paramount in the competitive dairy industry.

Mallard joined Synlait in 2023, initially serving as Director of Strategy and Corporate Affairs before taking on the COO role in June of that year.  During his tenure, he played a pivotal role in optimizing the North Island network and enhancing the company’s value chain performance.

CEO Richard Wyeth acknowledged Mallard’s contributions to the company, highlighting his leadership across various business functions.

“Paul has played a significant role in advancing Synlait’s operational and strategic priorities. Under his leadership, the team has made notable progress optimising the North Island network and enhancing the overall value chain performance.” Wyeth said.

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