Bubs Australia will face significant issues, challenges, and opportunities regardless of the outcome of today’s extraordinary meeting, chair Katrina Rathie said in her shareholder presentation, released just as the EGM got underway.
She said that despite the difficult past few months she wanted to, “publicly acknowledge Kristy Carr and Dennis Lin for their hard work, energy, and entrepreneurial spirit in creating the Bubs brand and business; we wish them well in their new venture together”.
Rathie also revealed the board expects to announce a new CEO next month, saying it wouldn’t have been fair to have appointed someone when there was the possibility shareholders would support the Save our Bubs CEO candidacy of Peter Nathan.
“The CEO must have the complete support of the board and a clear mandate going forward to implement the strategy and board endorsed business direction of Bubs,” Rathie said.
She thanks COO and interim CEO Richard Paine for his “steady stewardship” over the past for months and leadership during ongoing FDA processes including its audit of the Deloraine factory and studies in the US.
More to come.
