Synlait Milk Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Grant Watson

Chief executive officer

NZ$928.0k

Total compensation

CEO salary percentage	97.0%
CEO tenure	2.3yrs
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Grant Watson's remuneration changed compared to Synlait Milk's earnings?
Date	Total Compensation	Salary	Company Earnings
Jan 31 2024	n/a	n/a	-NZ$86m
Oct 31 2023	n/a	n/a	-NZ$50m
Jul 31 2023	NZ$928k	NZ$900k	-NZ$14m
Apr 30 2023	n/a	n/a	NZ$6m
Jan 31 2023	n/a	n/a	NZ$14m
Oct 31 2022	n/a	n/a	NZ$27m
Jul 31 2022	NZ$945k	NZ$409k	NZ$40m

Compensation vs Market: Grant's total compensation ($USD552.49K) is above average for companies of similar size in the Australian market ($USD292.80K).

Compensation vs Earnings: Grant's compensation has been consistent with company performance over the past year.

CEO

Grant Watson

2.3yrs

Tenure

NZ$928,013

Compensation

Mr. Grant Watson serves as Chief Executive Officer at Synlait Milk Limited since January 24, 2022. He had been Chief Executive Officer of dairy company, Miraka. Prior to Miraka, he worked at Fonterra where...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Grant Watson	Chief Executive Officer	2.3yrs	NZ$928.01k	no data
Charles Fergusson	Acting Chief Financial Officer	less than a year	no data	no data
Paul Mallard	Chief Operating Officer	less than a year	no data	no data
Allan Swann	Corporate Communications Manager	no data	no data	no data
Cathy Gamlen	Director of People & Culture	less than a year	no data	no data
Robert Stowell	Chief Commercial Officer	no data	no data	no data
Hannah Lynch	Head of Strategy & Corporate Affairs	no data	no data	no data
Abby Ye	President of China & Director of Food Service	1.1yrs	no data	no data
Naiche Nogueira	Chief Revenue Officer	no data	no data	no data
Tania Pearson	Company Secretary	no data	no data	no data
Tim Carter	CEO of Dairyworks & Director of Consumer	2.3yrs	no data	no data

0.8yrs

Average Tenure

Experienced Management: SM1's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Ruth Richardson	Non-Executive Director	20.3yrs	NZ$88.90k	0.030% NZ$ 30.1k
Paul McGilvary	Independent Chairman	2.3yrs	NZ$96.40k	no data
John Penno	Director	5.4yrs	NZ$118.60k	2.34% NZ$ 2.3m
Sihang Yang	Director	13.7yrs	NZ$88.90k	no data
Paul Washer	Independent Director	1.3yrs	NZ$68.80k	no data
Zhu Yi	Director	1.3yrs	NZ$11.11k	no data
Tao Zhang	Director	less than a year	no data	no data
George Adams	Independent Director	less than a year	no data	no data

1.8yrs

Average Tenure

Experienced Board: SM1's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Synlait Milk Management

Management criteria checks 1/4

Key information

Recent management updates

Synlait Milk Limited Announces Board Appointments

Synlait Announces Smaller Executive Leadership Team

Synlait Milk Limited Announces Board Changes

Synlait Milk Limited Announces Resignation of Liu Ruibing (Ryan) as Director

Synlait Milk Limited Announces Board Changes

Synlait Milk Limited Appoints Glenn Laing as Director of Manufacturing Appointed

Recent updates

First half 2024 earnings released: NZ$0.32 loss per share (vs NZ$0.006 profit in 1H 2023)

Now 21% overvalued

Synlait Milk Limited to Report First Half, 2024 Results on Apr 02, 2024

Synlait Milk Limited Announces Board Appointments

Synlait Announces Smaller Executive Leadership Team

Synlait Milk Limited Announces Board Changes

Now 25% overvalued

New minor risk - Market cap size

Synlait Milk Limited Announces Resignation of Liu Ruibing (Ryan) as Director

New major risk - Revenue and earnings growth

Synlait Milk Limited to Report Fiscal Year 2024 Results on Sep 30, 2024

Synlait Milk Limited Announces Board Changes

Synlait Milk Limited Enters into Confidential Binding Arbitration Process with The a2 Milk Company Limited

Full year 2023 earnings released: NZ$0.065 loss per share (vs NZ$0.18 profit in FY 2022)

Synlait Milk Limited Reaffirms Earnings Guidance for Its Full Year 2023

Synlait Milk Limited Appoints Glenn Laing as Director of Manufacturing Appointed

Synlait Milk Limited Announces Executive Changes, Effective 19 June 2023

Investor sentiment improves as stock rises 16%

Investor sentiment deteriorates as stock falls 28%

First half 2023 earnings released: EPS: NZ$0.022 (vs NZ$0.13 in 1H 2022)

Investor sentiment deteriorates as stock falls 17%

Synlait Milk Limited to Report First Half, 2023 Results on Mar 27, 2023

Synlait Milk Limited Appoints Abby Ye as President China and Director of Foodservice, Effective 1 March 2023

Now 21% undervalued

Synlait Milk Limited to Report Fiscal Year 2023 Results on Sep 25, 2023

Synlait Milk Limited Announces Board Changes

Synlait Milk Limited Announces Resignation of Boyd Williams as Director of People & Culture

Investor sentiment improved over the past week

Synlait Milk Limited Announces Board Changes

Less than half of directors are independent

Synlait Milk Limited Announces Directors Changes, Effective 2 December 2022

Synlait Milk Limited Appoint New Executive Leadership Team, Effective from 16 January 2023

Full year 2022 earnings: EPS exceeds analyst expectations

Synlait Milk Limited Completes Phase 1 of Off-Farm Decarbonisation Roadmap

Hamish Reid Decides to Leave the Board of Synlait Milk Limited

Synlait Milk Limited Announces Management Changes, Effective September 1, 2022

Synlait Milk Limited Announces Management Changes

Synlait Milk Limited Announces Resignation of Deborah Marris as Director, Legal, Risk and Governance

Now 24% undervalued after recent price drop

Less than half of directors are independent

Synlait Milk Limited, Annual General Meeting, Dec 02, 2022

First half 2022 earnings released

Synlait Milk Limited to Report First Half, 2022 Results on Apr 01, 2022

Synlait Milk Limited Announces Board Changes

Director Min Ben has left the company

Full year 2021 earnings released: NZ$0.14 loss per share (vs NZ$0.42 profit in FY 2020)

Investor sentiment improved over the past week

Synlait Milk Limited Announces Earnings Guidance for the Fiscal Year 2021

Synlait Milk Limited Withdraws Guidance for the Full Year of 2021

Investor sentiment deteriorated over the past week

New 90-day low: AU$3.96

Synlait Milk Limited to Report First Half, 2021 Results on Mar 29, 2021

New 90-day low: AU$4.32

New 90-day low: AU$4.48

The Supreme Court of New Zealand Releases Judgment Regarding the Historic Covenants at Synlait's Pokeno Site

New 90-day low: AU$4.70

Synlait Milk Limited Appoints Simon Robertson as Director

Insider recently sold AU$52k worth of stock

Synlait Milk Limited has completed a Follow-on Equity Offering in the amount of NZD 180 million.

Synlait Milk Limited Settles Pokeno Land Covenant Legal Dispute

New 90-day low: AU$4.90

New 90-day low - AU$5.45

New 90-day low - AU$5.94

New 90-day low - AU$6.39

Synlait Milk Limited to Report Fiscal Year 2020 Results on Sep 28, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation