• Nutritional and wellness company Nuchev (ASX: NUC) has secured a $4 million unsecured working capital facility from substantial shareholder H&S Global Holdings, structured to support its growth plans across the group in the short to medium term.
    Nutritional and wellness company Nuchev (ASX: NUC) has secured a $4 million unsecured working capital facility from substantial shareholder H&S Global Holdings, structured to support its growth plans across the group in the short to medium term.
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Health and wellness company, Nuchev Limited, has appointed Matthew Parker as chief financial officer (CFO) on a permanent basis, following his commencement as interim CFO in January.

Parker replaces former CEO, Mick Myers, who transitioned to a joint COO/CFO role last February. The company announced in November that the joint COO/CFO role would be restructured, replaced by a stand-alone CFO position.

With Myers’ departure from Nuchev last December, Parker was appointed interim CFO on 6 January for a period of six months. He joined the company with over 25 years of financial and commercial leadership experience across Fast-Moving Consumer Goods (FMCG), healthcare, manufacturing, retail and civil construction.

Nuchev CEO, Nathan Cheong, said the Board and management were very pleased to appoint Parker as CFO on a permanent basis.

“Matt has made a strong and immediate impact during his time as interim CFO, demonstrating deep financial expertise, commercial acumen and a clear alignment with Nuchev’s strategic priorities,” said Cheong.

“The Board looks forward to working closely with Matt as we continue to execute on our growth strategy.”

Nuchev produces Oli6, an award-winning goat milk infant formula, which is available in pharmacy and grocery stores across Australia, as well as in China and Vietnam. The company also has several other health and wellness brands, including Brauer and Rapid Loss.

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