Synlait Milk Limited announced that Graeme Milne stated his intention to retire by rotation at Synlait's Annual Meeting in December. However, considering Synlait's recent challenges the Board is keen to maintain Graeme's knowledge given his 17 years with Synlait. When Grant starts as CEO, Graeme will retire as Chair and be appointed as a Board Advisor for one year. John Penno will be appointed Chair when Graeme retires. As John is a Board Appointed Director the Board will seek ratification from shareholders at the Annual Meeting in December via a change to Synlait's constitution. When Graeme retires in 2022 the Board will appoint Paul McGilvary as an Independent Director.