Blackmores looks for another leader after its Australia boss resigns
Blackmores is now on the hunt for two key executives, including a CEO, after the resignation of the managing director of its Australian and New Zealand business David Fenlon.
The vitamins and supplements maker announced Mr Fenlon's departure on Thursday morning, shortly after Melbourne-based beauty company BWX said he would be its next chief executive.
The resignation follows the sudden departure of former Blackmores chief executive Richard Henfrey in March after about 19 months in the role. The company's founder and biggest shareholder, Marcus Blackmore, is acting as interim chief executive until a new CEO is found.
Blackmores said in a statement to the ASX on Thursday morning that Mr Fenlon had resigned to move back to Melbourne, and head another company that was not a competitor.
Mr Fenlon had worked at Blackmores since 2013 and spent the first three years of his career commuting from Melbourne before moving to Sydney permanently.
"David has been a fantastic leader in our business. We congratulate him on his appointment and support his desire to take on a new challenge and return to Melbourne," the statement said.
Mr Blackmore said the manager had "become a personal friend and I know that friendship will continue. I am sad to see Dave moving on and we wish him all the best".
Blackmores shares were trading 1.1 per cent lower at $88.47 around midday on Thursday.