Money: Blackmores' local boss quits for BWX role - PressFrom - Australia
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MoneyBlackmores' local boss quits for BWX role

09:50  16 may  2019
09:50  16 may  2019 Source:   msn.com

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Blackmores' local boss quits for BWX role© AAP Blackmores vitamins. Blackmores' local boss has quit the supplement maker to become chief executive of natural beauty product manufacturer BWX.

David Fenlon will be global CEO and managing director of BWX from July 1, replacing Myles Anceschi, who has only been in permanent charge of BWX since September.

Blackmores' managing director for Australia and New Zealand, Mr Fenlon had been with the company since January 2013 and managed the Blackmores, BioCeuticals and Global Therapeutics brands.

Blackmores' full-year profit rose nearly threefold to $70 million during Mr Fenton's time with the firm.

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The bank board said it regretted the departure of Wieandts, who had played a central role in stabilizing and providing fresh direction for the firm. “Axel Wieandt took on the responsibility of CEO at the height of the crisis and has made a significant contribution to the stabilization and realignment of the

Blackmores Exec B’S. About this product. Blackmores Exec B’s contains B group vitamins in combination with vitamin C and minerals, such as potassium, magnesium and zinc, which play a role in the normal functioning body and of neurological process.

"David has been a fantastic leader in our business," Blackmores said in a statement on Thursday.

"We congratulate him on his appointment and support his desire to take on a new challenge and return to Melbourne."

Shares in BWX, which makes and distributes Sukin skincare and other natural products, slumped as much as 32.5 per cent after it announced a global restructure along with Mr Fenton's appointment.

BWX chairman Ian Campbell said that the business "needs further discipline, process and rigour to build scale and take advantage of the significant opportunities ahead".

"The board is keen to see the BWX strategy and the company's key transformation initiatives implemented with greater urgency to ensure the business can continue to scale from a stable base," Mr Campbell said.

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“I am quitting to pursue my dream of not having to work here.” His parting note added: “the gates are now closed and will not open so you [staff] can stay The company had been running services to local schools and colleges as well as services to small villages not otherwise covered by public transport.

If your boss quits unexpectedly and you find yourself in this nerve-racking yet potentially career-boosting position, here's a step-by-step plan for using it Go for a Promotion Depending on your goals with the company, this may be an ideal time to step up even further and ask to take on a bigger role .

BWX said it expects FY19 trading earnings before interest, tax, depreciation and amortisation to be in the range of $21 million to $23 million.

"Sukin trading will be impacted in Q4 as we cycle unprofitable promotions and unnecessary stock building," it said.

BWX continues to anticipate growth in Australia with a product launch in Target stores scheduled for July.

Internationally, the business is focused on continued growth in the US, the UK, Europe, Asia, the Middle East and China through e-commerce.

At 1112 AEST, BWX shares were 24.25 per cent lower at $1.515.

Blackmores shares were 1.1 per cent lower at $88.50.

Extra year in jail for ex-Bega Cheese boss.
Convicted child sex offender Maurice Van Ryn has had another year added to his jail time after pleading guilty to new charges of aggravated sexual intercourse. A NSW judge has found jailed former Bega Cheese boss Maurice Van Ryn had built a "pedophilic-friendly environment" which assisted in the abuse of a teenage boy. Van Ryn in the NSW District Court on Friday was convicted and sentenced to nine years in jail after pleading guilty to four counts of aggravated sexual intercourse with a person between 14 and 16 years old.

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