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Former Bain and Company partner Andrew Cohen will temporarily replace the ousted CEO, Laura McBain at baby formula company, Bellamy’s. The move comes after plunging profits and a shares price free-fall. The business, run by the once-hailed Laura McBain, was a media sensation a little over a year ago – seeing rapid growth and a 15-fold rise in stock value. But it has since seen its fortunes change for the worse when it announced a ‘temporary volume dislocation’ (stockpiles of unsold product), and a suspension of shares trading in December last year. Cohen joined the business as its COO last year, having joined from Bain and Company, where he was a partner between 2008-2016, holding a leadership role in its consumer products and retail practice. Before that he was also a consultant at LEK consulting.

andrew cohen

Source : www.smh.com

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