ATM - A2 Milk Corporation Limited

[Leftfield]

Would that have been triggered off the back of a new CEO package as a result they realised they needed to tidy it up? just seems a bit random!

I'm sure you could promote a good conspiracy theory......... or you could just accept it as 'good housekeeping' by a proven management team.

[jimdog31]

I'm sure you could promote a good conspiracy theory......... or you could just accept it as 'good housekeeping' by a proven management team.

i will humbly do the later

[tomm]

Last call for topppp uppp....

[waikare]

Last call for topppp uppp....

Or buy in...………………………...

[Srmccaa]

Report tomorrow???

[Leftfield]

New CEO announcement here. Frankly I'm disappointed it wasn't an internal promotion.

The Board of Directors of The a2 Milk Company Limited is pleased to announce the appointment of David Bortolussi to the role of Managing Director and CEO based in Sydney. David is expected to commence in the role early in the 2021 calendar year. David will succeed Geoffrey Babidge who has been in the CEO role on an interim basis since December 2019.

David joins the company from his most recent role as Group President - International Innerwear, HanesBrands. He joined Pacific Brands in 2009 initially as Chief Financial & Operating Officer taking over as CEO in 2014, during which he restructured and transformed the business into a brand focused, leading omni-channel retailer with successful wholesale partnerships, delivering double digit compound annual growth in sales and earnings over the past five years. In 2016, HanesBrands acquired Pacific Brands and expanded David’s role to cover Australasia and subsequently its international innerwear operations outside of the Americas. Over this period, David has been responsible for and had extensive exposure to Pacific Brands and Hanesbrands’ Asian sourcing markets, particularly China including various brand distribution partnerships in the region.
Prior to this David spent five years at Foster’s Group, where he held the role of Chief Strategy Officer responsible for corporate strategy, M&A, business development and performance improvement. In this role, David was instrumental in leading the process that ultimately led to the operational separation and demerger of the domestic beer and global wine businesses, generating significant shareholder value. Prior to Foster’s Group, David held senior consulting roles at McKinsey & Company and PwC.

[MarineSalvage]

I think its a good safe appointment - I've topped up again yesterday

[winner69]

And A$6m up front to get him (what he’s forfeited)

No doubt he will have a tax problem coming up just like Jayne

[jimdog31]

New CEO announcement here. Frankly I'm disappointed it wasn't an internal promotion.

The Board of Directors of The a2 Milk Company Limited is pleased to announce the appointment of David Bortolussi to the role of Managing Director and CEO based in Sydney. David is expected to commence in the role early in the 2021 calendar year. David will succeed Geoffrey Babidge who has been in the CEO role on an interim basis since December 2019.

David joins the company from his most recent role as Group President - International Innerwear, HanesBrands. He joined Pacific Brands in 2009 initially as Chief Financial & Operating Officer taking over as CEO in 2014, during which he restructured and transformed the business into a brand focused, leading omni-channel retailer with successful wholesale partnerships, delivering double digit compound annual growth in sales and earnings over the past five years. In 2016, HanesBrands acquired Pacific Brands and expanded David’s role to cover Australasia and subsequently its international innerwear operations outside of the Americas. Over this period, David has been responsible for and had extensive exposure to Pacific Brands and Hanesbrands’ Asian sourcing markets, particularly China including various brand distribution partnerships in the region.
Prior to this David spent five years at Foster’s Group, where he held the role of Chief Strategy Officer responsible for corporate strategy, M&A, business development and performance improvement. In this role, David was instrumental in leading the process that ultimately led to the operational separation and demerger of the domestic beer and global wine businesses, generating significant shareholder value. Prior to Foster’s Group, David held senior consulting roles at McKinsey & Company and PwC.

So it turns out I was on the money

[tomm]

This is what are coming next.

In a trading update issued in April, a2 Milk said it continued to experience strong revenue growth across all key regions, particularly of infant nutrition products sold in China and Australia.
It said then that it expects revenue for the full year to lift by 30 per cent to around $1.7 billion thanks to strong sales growth as consumers rushed to fill their pantries with infant formula as a result of the Covid-19 pandemic over the March quarter.
In its April update, the company said it had continued to experience strong revenue growth across all regions since the release of its six-month result in late February.


It lifted its earnings margin forecast 31 to 32 per cent for the year to June from an earlier advised 30 per cent.