Blackmores has appointed Richard Henfrey, the vitamin company’s chief operating officer, to replace Christine Holgate as CEO.
A short time ago, Blackmores shares were up 4.3% to $91.07.
Holgate is going to Australia Post where she replaces Ahmed Fahour who resigned after criticism of his $5.6 million salary from prime minister Malcolm Turnbull.
Henfrey has been COO for the past three years and has held a number of senior leadership roles within the company since joining in 2009.
“I’m privileged to be working with a wonderful team and together we’ll begin this next chapter in the Blackmores story,” said Richard Henfrey.
“I’d like to thank Christine Holgate who has been an inspiring CEO for Blackmores over the last nine years.”
Blackmores will announce its full year financial results on August 29.