CVT - Comvita announces CEO transition

Monday 9th June 2025

Comvita Limited (NZX: CVT ) is pleased to announce the appointment of Karl Gradon as Chief Executive Officer, effective 1 August 2025. Karl Gradon brings extensive experience in global leadership within the primary industry, having previously held senior leadership roles offshore with Fonterra and Kerry Ingredients. After his offshore career, Karl returned to New Zealand as CEO of New Zealand Manuka Group where he was responsible for their high growth strategy of manuka oil and honey products and launch into North America, including listing into Costco. Most recently Karl has been CEO of Miraka, the Taupo based, low carbon, Māori-owned dairy company where he successfully led a significant business transformation.

His expertise in innovation, sustainable growth, and international market expansions aligns with Comvita's strategic objectives.

Chair of the Board, Bridget Coates, commented:

"We are delighted to welcome Karl Gradon to Comvita. His proven track record in global leadership within the primary industry positions him well to lead Comvita into its next phase of growth."

Comvita also announces that Brett Hewlett will conclude his tenure as Acting Chief Executive Officer, effective 31 July 2025.

Brett assumed the role of Acting CEO in September 2024, stepping in at a critical juncture for the business. Over the past 10 months, Brett has brought stability and leadership through a significant period of transition for the company which has included a comprehensive cost reduction program, organisation restructure and strategic responses to an extremely challenging trading environment.

The Board extends its gratitude to Brett for his leadership, energy, and commitment during this important period.

Chair of the Board, Bridget Coates, commented:

“Brett’s contribution to Comvita over the past two decades has been remarkable. He first joined the Company as CEO in 2005, leading a decade of transformational growth and international expansion. After stepping down in 2015, he returned as an Independent Director in 2017, later becoming Executive Director to lead a strategic review, and was appointed Chair of the Board in 2020. In 2024, Brett once again stepped into an executive role as Acting CEO to guide the Company through a challenging period.

His deep understanding of Comvita’s values, markets, and people has been instrumental in navigating both growth and adversity. On behalf of the Board, our team, and our shareholders, I extend our thanks to Brett for his enduring leadership and service to our company.”

Brett will remain with Comvita in an advisory capacity through to the end of September to ensure a smooth transition and to support ongoing strategic initiatives.

For more information, please contact:

Bridget Coates | Comvita

Mobile: +64 27 714 0591

Email: bridget.coates@comvita.com

ENDS.

Comvita announces CEO transition

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