Home > Pacific Brands' CEO quits

Pacific Brands' CEO quits

article image

The CEO of clothing company Pacific Brands has announced his resignation after a disagreement with the rest of the board on the company’s direction.

John Pollaers had been in the role since September 2012, after previously running Foster’s. He replaced current Manufacturing Australia chair Sue Morphet, who oversaw the controversial decision to outsource at the company’s Bonds business.

"John's decision to leave now has been driven by a divergence between his views and those of the board regarding the best path forward for the company and its businesses,"Pacific’s chairman Peter Bush said of Pollaers’ decision to leave.

Pacific’s brands include Bonds, Berlei, Hard Yakka and Sheridan. Its workwear division has suffered under the mining downturn, the company said last year,

It has recently blamed an unseasonably warm autumn and low consumer confidence for poor results.

AAP reports that last month the company had reduced its earnings guidance by 14 per cent to between 90 and 93 million for 2013/2014.

Newsletter sign-up

The latest products and news delivered to your inbox