A2 Corp head moves on following structural changes

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Following internal structural changes, A2 Corporation chief executive Scott Pannell has accepted a redundancy offer from the company.

The company, which owns and licenses technology to identify milk with the A2 beta casein protein which it claims has health benefits, recently bought the remaining 50% of A2 Dairy Products in Australia.

As part of the conditions alongside the acquisition was the appointment of Geoffrey Babidge as A2 Corporation’s managing director.

In a statement today, the company said Mr Babidge’s appointment would have meant a significant change to Mr Pannell’s role.

Mr Babidge was previously chairman of A2 Dairy Products.

A2 Corporation chairman Cliff Cook said it was disappointing Mr Pannell chose to leave.

He said Mr Pannell played an important role in the acquisition of A2 Dairy Products and had done an excellent job with a particular focus the company’s cost structure.

Mr Pannell has said he will explore opportunities in Australia within the fast moving consumer goods market.


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6337 0.0020 0.32%
AUD 0.9036 0.0025 0.28%
EUR 0.5619 0.0025 0.45%
GBP 0.4144 0.0016 0.39%
HKD 4.9098 0.0121 0.25%
JPY 75.9310 0.3070 0.41%

Commods

Commodity Price Change Time
Gold Index 1139.3 4.620 2015-09-01T00:
Oil Brent 50.4 -3.790 2015-09-01T00:
Oil Nymex 46.0 -3.180 2015-09-01T00:
Silver Index 14.6 0.030 2015-09-01T00:

Indices

Symbol Open High Last %
NZX 50 5660.0 5660.0 5655.0 -1.15%
NASDAQ 4673.6 4722.1 4776.5 -2.94%
DAX 10073.7 10119.5 10259.5 -2.38%
DJI 16528.0 16528.0 16528.0 -2.84%
FTSE 6247.9 6247.9 6247.9 -3.03%
HKSE 21101.4 21288.5 21185.4 -0.67%
NI225 17861.8 18467.4 18165.7 0.58%