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Changes to Milk New Zealand

CHANGES TO MILK NEW ZEALAND

Milk New Zealand today announced that Andy Macleod, CEO of the Pengxin New Zealand Farm Group, has resigned with effect from 8 July 2016.

Milk New Zealand oversees the management of 16 farms located in the Central North Island and 13 in the Canterbury region.

Macleod joined Pengxin New Zealand Farm Group in 2013 and Terry Lee, Managing Director of Milk New Zealand, said the company valued and appreciated his contribution to the business and wished him well for the future.

Recruitment is underway for a new CEO for the Farm Group.

Milk New Zealand has announced the establishment of an Advisory Board for the Farm Group chaired by Greg Gent and directors Matt Ross, Craig Hurst, Terry Lee and Tony Nie. The Advisory Board will oversee the appointment of a new CEO and advise the company on farm operations.

Ends

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