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Synlait Milk Limited (ASX:SM1)
ALERT: Price-sensitive ASX Announcement for SM1
Current share price for SM1 : $0.295 -0.09 (-23.38%)+
Announcement
Release
14 May 2026 7:30AM
Price at Release
$0.385
Full Release
Summary
Synlait Milk Limited announced the resignation of Chief Executive Officer Richard Wyeth, effective 30 June 2026. Richard Wyeth has been acknowledged for his contributions in steering the company through challenges, focusing on operational, quality, and financial improvements, as well as rebuilding customer relationships. Leon Fung, with extensive experience in production, operations, and market development, has been appointed as the Acting CEO, effective immediately. Leon Fung has been with Synlait as a Director since June 2024 and has chaired its People, Environment and Governance Committee since November 2025.
Key Points
- Synlait Milk Limited CEO Richard Wyeth resigns.
- Richard Wyeth's resignation effective until 30 June 2026.
- Richard Wyeth contributed to operational and financial improvements.
- Leon Fung appointed as Acting CEO of Synlait Milk Limited.
- Leon Fung has been with Synlait since June 2024.
- Leon Fung has chaired the People, Environment and Governance Committee since November 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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