Executive Leadership Team update

Synlait Milk Limited · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com






NZX: SML
ASX: SM1


9 April 2024

Executive Leadership Team update

Synlait Milk Limited’s (Synlait) Chief Finance Officer (CFO) Rob Stowell has been appointed to the
newly created position of Chief Commercial Officer.

In this role, Rob will retain responsibility for the Information Services, Risk, Legal, and Governance
functions. In addition, he will assume responsibility for several critical strategic workstreams, including
the sale of Dairyworks, the North Island strategic assets review, a potential equity raise, and the
banking syndicate relationship. Rob’s long serving Synlait experience and strength of relationships
will allow these workstreams to be accelerated with pace.

Charles Fergusson has been appointed Acting CFO. Charles retains his current responsibilities for On-
Farm Excellence, Business Sustainability, and Corporate Affairs. Charles has extensive experience
across a range of commercial and finance roles having spent most of his career in these areas. He
initially qualified as a chartered accountant with KPMG and held a variety of senior finance roles at
Fonterra.

Rob and Charles’ appointments are effective immediately.

Synlait is now commencing its search for a permanent CFO.

For more information contact:
Hannah Lynch
Head of Strategy & Corporate Affairs
P: +64 21 252 8990
E: hannah.lynch@synlait.com