Co-op officer resigns

A senior manager heading up the Westland Milk Products factory in Hokitika, who stood to gain a $360,000 bonus if the sale to Chinese-owned Yili went through, has resigned.

Chief operating officer Craig Betty began with Westland in mid-2017.

In the lead-up to the sale of the Hokitika-based co-operative, Mr Betty was reported to be one of the key management staff in line for a bonus if Yili succeeded with the purchase.

Chief executive Toni Brendish was also criticised for a ''huge conflict of interest'' over a $680,000 bonus she stood to receive if the sale went through.

Other bonuses to be paid included $302,700 to its general sales manager and $100,000 to the chief financial officer.

Ms Brendish said Mr Betty was moving on to ''an exciting new role''.

''Although Mr Betty has only been with us a short time, he has achieved a great deal during his two years,'' Ms Brendish said.

''Mr Betty has worked particularly hard to build a very talented team of leaders who now head our manufacturing, supply chain, and quality functions.''

He would remain with Westland until mid-October to ensure a smooth transition to Yili ownership, she said.

-By Brendon McMahon

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