Troubled dairy firm Synlait Milk has lost a third top staffer. Leon Clement, Synlait Milk's chief executive for two and a half years, stepped down last month and its director of operation Mark Toomey, resigned in March to return to Australia. Clement has been replaced in the interim by Synlait co-founder and former chief executive John Penno. READ MORE:* Sharemarket falls, pulled down by Fisher & Paykel Healthcare* Synlait Milk chief executive Leon Clement resigns after 'tough' year* Synlait receives 'cease and desist' notice over Pokeno land* More than $400m of Synlait Milk developments on trackClement oversaw many changes at the company, including a major expansion phase and more recently a $200m capital raise to strengthen its books. Synlait Milk has spent up big over the past couple of years, investing $555m to diversify its products, manufacturing sites and customers.

Source: Stuff May 13, 2021 21:22 UTC