Synlait Milk appoints Leon Fung as permanent CEO

• Dairy processor Synlait Milk appointed Leon Fung as permanent CEO.
• The company's stock remained unchanged at $0.40 following the executive leadership update.
• The permanent appointment aims to provide operational continuity as the business executes its recovery roadmap.

Synlait Milk (ASX:SM1) appointed Leon Fung as its CEO after he served as acting CEO since May 14.

The permanent appointment comes five months after Fung assumed the interim leadership role while serving as a company director since June 2024.

"Since his appointment as Acting CEO, Leon has demonstrated strong leadership and commercial discipline with a deep knowledge of dairy processing, which has helped deliver Synlait’s operational stability," said Synlait Milk Chair George Adams.

Global consultancy Korn Ferry assisted the board with the permanent recruitment process for the executive role.

Following the announcement the Synlait Milk share price was unchanged at $0.40.

Fung brings nearly 30 years of industry experience across dairy production, operational scaling, and capital expenditure engineering investments throughout Asia-Pacific markets.

The new CEO stated that his board tenure and interim leadership provided greater confidence in managing operational challenges to return the business to success.