A2 Milk boss steps down, NZSA says board must be held to account
The stock dropped 7.7 percent to $14 when trading on the NZX opened. The shares have since recovered slightly and were recently down 3.4 percent at $14.65.
Hrdlicka, who took over as CEO in mid-2018, said she joined the company “excited about the opportunity to help define its full potential and deliver against it.”
However, the reality that the next three to five years need the CEO being present in the company's core markets of China and the US, “combined with running a New Zealand company based in Australia required more travel than I had anticipated when I joined the company,” she said.
“The board and I agreed that this next phase is going to be too difficult to manage alongside my other commitments whilst also managing the health and wellness priorities of my family and me,” Hrdlicka said.
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