Bubs Australia CEO to step down

Company News

by Anna Napoli

Organic baby food company, Bubs Australia (ASX:BUB) has announced CEO, Nicholas Simms is stepping down, but will remain with the company until October 2018 when his contract ends.

Bubs Founder and Managing Director, Kristy Carr will take over the top job.

The company says the board and Mr Simms were of the view that the time was right to transition the leadership to Mrs Carr.

The move comes after a successful repositioning of the business from a private entity to a top 500 listed company.

Chairman, Dennis Lin says the appointment signals the business has entered into its next phase of development, having achieved the establishment of its growth platforms ahead of schedule.

Shares in Bubs Australia (ASX:BUB) closed 6.29 per cent lower to 67 cents yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.