A view that shareholders have been let down by Westland Dairy, as a vote looms on its sell-off
A view that shareholders have been let down by Westland Dairy, as a vote looms on its sell-off
4 July 2019
Shareholders will vote today on whether to sell the under-performing co-op to Chinese dairy giant, Yili.
Former Westland Dairy deputy chair and mayor, Mike Havill, says the management team failed to deliver on investments making higher value products, like infant formula.
He says there were ongoing quality issues, with costs front-loaded into the company.
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