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Wednesday, 10 March 2010
Geals resigns
Geals resigns

By FoodWeek Online @ 8:23 AM 0 Comments Article Rating Manufacturing and Marketing News
 

By Chris Gardner of The Waikato Times

The chief executive of fledgling New Zealand Organic Dairy Farmers Co-Operative, Patrick Geals, has resigned after the co-operative delivered less than half of its promised $7 per kg of milksolids.

The company is said to be going through growing pains as it grapples with whether to seek external capital or remain farmer owned.

Mr Geals left on March 1 and refused to be interviewed by the Waikato Times.

Co-operative founder and supply manager Russell Simmons, who promised the co-operative's 27 suppliers a $7 payout, also refused to comment.


To read the full story on stuff.co.nz, click here.

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