PacBrands chief exits as loss blows out

 In Australia, NewZealand

Pacific Brands, the maker of Bonds underwear, has posted a larger than expected loss and says its chief executive Sue Morphet will leave the company.
Ms Morphet will step down from the role of CEO from September 3, handing over to John Pollaers, a former CEO of Foster’s.
Profit before interest taxes and significant items came in at $129.1 million, a the top end of the guidance range of $125 million – $130 million, the company said.  Sydney Morning Herald – Read more…

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