WELLINGTON, New Zealand--Infant formula producer a2 Milk Company Ltd. has reaffirmed its earnings forecast and says there will be no material change to its business plan following the unexpected resignation of chief executive Jayne Hrdlicka.
Interim chief executive Geoff Babidge is committed to staying with the company until a new permanent chief executive is found and settled in, a2's chairman David Hearn said Monday according to a transcript of a conference call with investors.
The company reaffirmed its earnings guidance for the 2020 financial year.
Babidge, who was CEO until Hrdlicka's appointment in July 2018, said there would be no material change to the company's strategy, particularly its focus on China and the U.S.
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