SYDNEY: Wattle Health Australia announced the Managing Director and Chief Executive Officer Dr Tony McKenna has resigned from the Company and Board of Wattle Health effective 6 November 2020.
Dr McKenna joined the Company and the Board in January in order to lead the execution of its vertically-integrated supply chain strategy and has provided valuable contribution to Wattle Health despite significant challenges faced by the Company and Corio Bay Dairy Group (CBDG).
As announced to market on 1 September2020, CBDG was placed into voluntary administration and as part of the process, all staff at CBDG were terminated on the 16 October 2020.
As a result of this significant change Dr McKenna indicated to the board that his contribution and interests would be less aligned with the Company’s future direction.
Whilst this is a disappointing outcome, the Board thanks Dr McKenna for his contributions in the past 9 months and wishes him success for his future professional endeavours.
Concurrently, the Board appoints Mr George Karafotias as Executive Director. Mr Karafotias is currently the Chief Financial Officer of Wattle Health Australia.
The Board is continuing working with Mr David Mutton, the administer for CBDG and will update the market in due course.