SML - Synlait Milk Ltd

**Balance** · 12-04-2021, 02:07 PM

Originally Posted by Scrunch

Something doesn't smell right. 3 weeks notice to leave a position like CEO is very short. Its also very strange to provide an outgoing CEO list of achievementsas a public notice. I wonder how much regret there really was in accepting his resignation.

Hope it’s not a case of him suffering a nervous breakdown or something like that.

**winner69** · 12-04-2021, 05:20 PM

Originally Posted by Balance

Hope it’s not a case of him suffering a nervous breakdown or something like that.

Hope so as well - that would be a dreadful outcome

Wouldn't wish that on anybody

**Baa_Baa** · 12-04-2021, 05:46 PM

The board would be privy to and agreeing to any and all of those ‘accomplishments’. Looks more like the board scapegoating the CEO for implementing all the stuff that shareholders obviously didn’t like judging by the share price. Could be tough finding a new CEO role with a listed company! 🤔

**RTM** · 13-04-2021, 03:14 PM

Originally Posted by Beagle

I have expressed a wide range of concerns regarding very poor governance, extreme risk taking with Pokeno, extremely poor and very "economical" shareholder communication about pertinent factors, debt level's, share price reacting before announcements, (leaky ship), very slow and lack of progress with other brand accreditation, poor financial performance and last but certainly not least expending vast amounts of management time and resources getting accreditation to elevating people and the planet to the same level as shareholders all without obtaining a special resolution for their radical ESG approach.

With all due respect I think you have the cart before the horse. The share price is the market reacting to the above, not the other way around.
Now it appears we may be able to add very poor due diligence of operational systems regarding the cheese factory acquisition to the list. Why would this surprise anyone with a company so single mindedly laser focused on all things ESG ?

I put it to you and others that Leon is an extremely poor CEO and has lost any mandate he had to manage this company. He needs to go.

As our Beagle seems to be muzzled.....I thought it was worth drawing everyone's attention to the post above. While I certainly don't speak for Beagle....I am sure he would have plenty to say on the subject if he was able.

**peat** · 13-04-2021, 04:40 PM

Originally Posted by RTM

As our Beagle seems to be muzzled.....I thought it was worth drawing everyone's attention to the post above. While I certainly don't speak for Beagle....I am sure he would have plenty to say on the subject if he was able.

Thanks for reminding us about the dawgs views - I mean I knew he was not holding positive views but that was a very strong bark!

One thing this company and ATM remind me so loudly about is the risk and reward trade off involved in any equity and how so often there IS both side of the coin and at a matching level.

**Rawz** · 13-04-2021, 10:34 PM

Hope the Beagle is let out of the dog house soon so that the bark is heard once again

**winner69** · 28-04-2021, 09:18 AM

Made with Better Milk

A good step forward down the differentiation path

http://nzx-prod-s7fsd7f98s.s3-websit...279/344935.pdf

**BlackPeter** · 28-04-2021, 09:25 AM

Originally Posted by winner69

Made with Better Milk

A good step forward down the differentiation path

http://nzx-prod-s7fsd7f98s.s3-websit...279/344935.pdf

Leon's last hurrah?

Anyway - good reminder that he actually is still around, I already nearly forgot about him. When is the new CEO scheduled? Time somebody removes with an executive decision this ugly pink font from the SML announcements ...