Bubs distracted by ‘creating negative headlines’, backers of coup say

Kylar LoussikianDeputy editor – business

Jul 13, 2023 – 5.35pm

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Key Points

Why it matters: Bubs was becoming a major Australian agribusiness exporter
Former a2 Milk executive Peter Nathan says the Bubs board is distracted
Mr Nathan is part of a push to roll the board, and would become chief executive

Peter Nathan, the former a2 Milk Company executive at the centre of a bid to unseat Bubs Australia’s management, says the infant formula group’s board is distracted with “creating negative headlines and legal disputes”.

In an escalation of the feud which has pitted the past and present management of the ASX-listed company against each other, Mr Nathan told shareholders in a letter on Thursday that Bubs’ board “simply does not have that deep industry experience or track record in building commercial success and managing growth companies in the complex ... sector”.

Kylar Loussikian is the Financial Review’s deputy editor – business. Email Kylar at kloussikian@afr.com