BWX as Blackmores MD heads home
from Melbourne for the position, before moving to Sydney.
“That puts stress on the family ... you might have family things during the week and you can’t be there,” Mr Blackmore said. “He told me: ‘It’s time to get back my family back together’.”
Mr Fenlon said he would look back fondly on his time with Blackmores. “I’ve a wonwould derful time ” Mr Fenlon said. “But I’m a Melbourne boy.”
The move creates a vacancy for Blackmores, which is still looking for a permanent CEO to replace Richard Henfrey, who stepped down in February. Mr Blackmore said some candidates he has met with would be more suited for a managing director role.
“Some of those people not make the grade as a CEO,” Mr Blackmore said. “They didn’t have those attributes, but they may have the attributes for this one.”
He said given Blackmores sells more product to women than men, he would choose a female over a male candidate if they were of equal ability.
Shares in BWX, which makes and distributes Sukin skincare and other natural products, slumped as much as 32.5 per cent after it announced a global restructure along with Mr Fenlon’s appointment.
BWX chairman Ian Campbell said that the business “needs further discipline, process and rigour to build scale and take advantage of the significant opportunities ahead”.