Vitamin maker Blackmores (ASX:BKL) has today announced the appointment of Mr Alastair Symington as Chief Executive Officer and Managing Director, effective 1 October 2019.
Alastair brings more than 23 years of consumer goods experience in beauty, health, and grooming having worked at Nestle, Gillette, Procter & Gamble and Coty across multiple geographies.
Interim CEO and Executive Director Marcus Blackmore has congratulated Alastair on his appointment and welcomed him to the company that his father, Maurice Blackmore, founded over 86 years ago.
The news comes following a challenging period for Blackmores, which posted a 43 per cent fall in profits for the third quarter of 2019 when compared to the year earlier period.
The decline in sales was partly due to a new China e-commerce law which came into effect during the quarter, meaning that some goods being sent to China through e-commerce channels need to adhere to higher product safety standards and a stricter tax regime.
Shares in Blackmores (ASX:BKL)
closed 0.11 per cent higher at $90.01 yesterday.