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Bellamy's former CEO Laura McBain has resigned as a director of the company as the infant products company continues to battle dissent among the ranks.

 

McBain's departure follows news that Jan Cameron, co-founder of Kathmandu retail chain, and dissident shareholder, has been linked to Black Prince Private Foundation, the largest shareholder of the company.

 

Black Prince Private Foundation, which is registered in Curacao, in the Dutch Caribbean, owns 14.5 per cent of Bellamy's. The disclosure follows moves by shareholders associated with Cameron to seek out board control of the company.

 

Meanwhile, a second action has been initiated over potential corporate disclosure breaches by Bellamy's. Litigation funder IMF Bentham has told the ASX it will fund a class action to be launched by Slater and Gordon, with rival law firm Maurice Blackburn also calling for registrations from Bellamy's shareholders.

Packaging News

John Cerini has stepped down as CEO of Pro-Pac, with Ian Shannon, who was chief operating officer of the company, taking over the role, and becoming managing director.

In a collaborative effort, Kimberly-Clark Australia and Woolworths have successfully completed a packaging trial aimed at eliminating the use of secondary plastic packaging for Viva paper towels. The initiative, now set to become standard practice, is projected to save 15 tonnes of plastic annually.

Sustainable packaging achievements were recognised at the APCO Annual Awards in Sydney last night. The event celebrated organisations, and individuals, driving change towards the 2025 National Packaging Targets and beyond. PKN was there.