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Milk processor Synlait has announced the resignation of its director of on-farm excellence, business sustainability, and corporate affairs Charles Fergusson.
The company said Fergusson was leaving on May 31 to take up a new opportunity.
“Charles has been a valuable part of the executive that guided Synlait through multiple challenges,” said chief executive Richard Wyeth.
“He led last year’s successful project to secure the company’s milk supply and has been closely connected to our farmer suppliers since he joined the business in 2023.”
He also served as Synlait’s acting chief financial officer from April 2024 until the appointment of Andy Liu in August that year.
Fergusson joined Synlait in February 2023 from Fonterra, where he was latterly its regional head of Farm Source for Canterbury, Tasman, and Marlborough.
Fletcher Building is set for a lift in the sale price of its Construction division after the Higgins Contractors subsidiary won 10-year road maintenance contracts for East Waikato, Bay of Plenty, and Hawke’s Bay.
The sale for $315.6 million to Vinci Construction was announced in January, with a potential increase of up to $18.5m from contracts under negotiation at the time.
In a statement to the NZX, Fletcher said the companies were working on the exact amount of price adjustment and would announce the outcome separately.
The Higgins contracts with NZ Transport Agency start in April.
Fletcher managing director Andrew Reding said the contracts were a significant milestone for Higgins. “These contracts provide a strong platform for the business over the next 10 years,” he said.
Fletcher bought Higgins for $315m in July 2016.
New Zealand e-waste recycling company Echo has acquired IT lifecycle firm BMS for an undisclosed sum.
While the purchase price is not public, the transaction effectively doubles the size of Echo and takes total group revenue above $55 million.
Echo chief executive Patrick Moynahan said the goal is to create a full-service IT and e-waste lifecycle solution, spanning recovery, remarketing, refurbishment, and responsible recycling.
“Together, Echo and BMS repurpose over 150,000 IT assets for resale and process more than four million kilograms of electronic waste each year.”
Day to day, customers with both organisations will continue to operate under current arrangements, with separate accounts and contracts as the businesses work through integration.
BMS was founded by Stephen and Claire Westcott Jones and operates in New Zealand and Australia. Stephen Westcott Jones will become a shareholder in Echo and join the company’s board.
