The death of Claude Stratford leaves a "big hole" in Comvita, the natural health products firm he founded almost four decades ago, chief executive Brett Hewlett says.
Stratford died yesterday in Te Puke, aged 102.
He established Comvita in 1974, initially selling a range of bee products out of the basement of his home in Paengaroa, in the Bay of Plenty.
Today, the company - which listed on the NZX in 2003 - earns annual revenue of more than $100 million in 18 markets around the world. Its products include manuka honey lozenges, bee pollen capsules and olive leaf extract.
Hewlett said Stratford, who was just six weeks away from his 103rd birthday, had become increasingly frail in the past three months.