Westland Milk Products will reveal a revised forecast payout to suppliers next week, plus a new chairman, and progress on a major corporate reshuffle.

Chief executive Toni Brendish who is six months into the job is leading the shakeup.

Since her appointment chairman Matt O’Regan resigned, so did director Sven Koops two months after his appointment, and chief financial officer Kim Wallace is also departing.

The shakeup is taking place against two years of low payouts and the last forecast payout for the coming season of $5.90 per kilogram of milksolids, compared with Fonterra’s $6, Synlait’s $6.25, and Tatua’s $6.30.

Stuff Business Day

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