ATM | NZ$11.130
A2M | AU$10.640
ATM Share Price
As at 2018-12-13 17:49:14
NZ$11.130
$+0.240 / +2.204%
A2M Share Price
As at 2018-12-13 15:49:10
AU$10.640
$+0.250 / +2.410%
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Organisational announcement - The a2 Milk Company

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Organisational announcement

June 7, 2017

Organisational Announcement

The a2 Milk Company Limited (a2MC or the Company) wishes to advise of a reorganisation of responsibilities within the senior leadership team to further support the ongoing development of our businesses in the Asia Pacific region. These changes build on the recent appointment of Jesse Wu as a Non-Executive Director and creation of the new Head of Business Development – Emerging Markets role which were also focused on building our capability in this region.

Chief Executive Asia Pacific
A new position, Chief Executive Asia Pacific has been created based in Melbourne, reporting to the Group CEO. This new role will have responsibility for the overall commercial operations, business performance and strategy across the Asia Pacific region, with a particular focus on our key markets of Australia and China. This change acknowledges the inter-relationship of our sales and marketing activities across these two markets and the opportunity to best manage our medium term growth strategies in the region.

The Company is pleased to advise that Peter Nathan will be appointed to this very significant management role. Peter has been at the helm of the Australian business throughout its development and expansion since 2007 and, with his team, has delivered extraordinary growth and commercial returns in this market. In assuming this role, Peter will maintain his current responsibilities for the Australia and New Zealand markets and add China to this portfolio.

Executive Vice President China
A new position of Executive Vice President China (EVP China) has been created, to be based in Shanghai. This senior role will assume responsibility for the leadership of the China business including sales, marketing, commercial management and supply chain for all activities originating in this market. The recruitment for this role has commenced and we are seeking a high calibre executive with relevant in-market consumer goods experience to join the team. The EVP China role will report to the Chief Executive Asia Pacific.

Chief Executive UK & Europe
In consequence of these changes, Scott Wotherspoon is to shift from his current China role to take on additional regional and group responsibilities. Scott will remain directly involved in leading and building our UK business and assume the additional responsibility to oversee business development activities across Europe. In addition, Scott is to provide commercial leadership on a number of key strategic initiatives reporting to the Group CEO. Scott’s ongoing contribution in this new role will allow him to leverage his broad operational and commercial skills. We wish to thank Scott for his strong leadership and the significant contribution he has made to the development of the China business over the past two years.

The new structure as outlined above will take effect from 1 July 2017.

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