New Zealand milk company Synlait has announced that Leon Clement will be stepping down from his role as CEO later this month.
Clement will continue to serve as CEO until the end of April. John Penno – Synlait co-founder, former CEO and current director – will assume the role of interim CEO from May, until a permanent replacement is appointed.
Clement took up the role of CEO in September 2018 and has since presided over the company’s refreshed strategy, $200 million equity raising and its acquisition of Dairyworks, which saw the dairy processor extend its consumer foods strategy.
“Leon has been an authentic and transformational leader. He has successfully repositioned Synlait’s purpose, ambition, and strategy to make us a more diversified and sustainable company,” said Synlait chair, Graeme Milne.
“On behalf of the board and all staff we wish Leon the very best in his future career and thank him for his energy and dedication to Synlait during his time with us,” he added.
Synlait CEO, Leon Clement, said: “It has been a privilege to lead Synlait. It has been an intensive period of change and growth and I am proud of our achievements. Synlait has an amazing team that is making a positive and sustainable impact in the areas we operate.”
