The a2 Milk Company chief executive David Bortolussi has a tough job ahead as he tries to stabilise the baby formula maker after its fourth earnings downgrade in nine months.
Mr Bortolussi is hunting for a replacement for a key executive, head of Asia, Peter Nathan, who is leaving after 14 years with the Kiwi company. A2 Milk also flagged a review of its key China business and a blowout of more than $NZ100 million ($92.9 million) in provisions for old stock.
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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. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
