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26 Apr 2024 21:50
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      Home > News > Business

    A2 Milk's had 860-million-dollars wiped off its value after the shock resignation of its chief executive

    A2 Milk's had 860-million-dollars wiped off its value after the shock resignation of its chief executive


    Chief executive and managing director Jayne Hrdlicka is stepping down after less than 18 months.

    By 10.05, company stock was trading at 14-dollars - down a-dollar-17 from close of trading on Friday.

    Herald Business reporter Jamie Gray says things Hrdlicka did ruffled a few feathers, such as selling shares at inopportune times.

    He says her predecessor, Geoff Babidge, is stepping in immediately as chief executive.

    Gray says Babidge was a popular chief, and he expects company shares to rally behind him.

    © 2024 Newstalk ZB, NZCity

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