Bellamy's stands down CEO Laura McBain

Carrie LaFrenzSenior reporter

Updated Jan 11, 2017 – 3.38pm, first published at 11.27am

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Embattled organic baby formula maker Bellamy's Australia has stood down chief executive Laura McBain following weeks of speculation around her future with the company.

Ms McBain will be replaced on a interim basis by Andrew Cohen while the board begins a search for a new head. Mr Cohen joined Bellamy's as chief operating officer in July 2016 and was previously a partner at consultant Bain & Co. Nigel Underwood has been appointed as interim chief financial officer. Former chief financial officer Shona Shona Ollington has been demoted to a role on the finance team.

Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club.