A2 Milk's had 860-million-dollars wiped off its value after the shock resignation of its chief executive
A2 Milk's had 860-million-dollars wiped off its value after the shock resignation of its chief executive
9 December 2019
Chief executive and managing director Jayne Hrdlicka is stepping down after less than 18 months.
By 10.05, company stock was trading at 14-dollars - down a-dollar-17 from close of trading on Friday.
Herald Business reporter Jamie Gray says things Hrdlicka did ruffled a few feathers, such as selling shares at inopportune times.
He says her predecessor, Geoff Babidge, is stepping in immediately as chief executive.
Gray says Babidge was a popular chief, and he expects company shares to rally behind him.
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