Rob Woolley has quit as chairman of Tasmanian foods supplier TasFoods, just days after he resigned as chairman of troubled infant formula supplier Bellamy's in a battle with Kathmandu founder Jan Cameron.
Mr Woolley's resignation from TasFoods comes days after the company's major stakeholder, Ms Cameron, lifted her stake in the company to 16.5 per cent.
Ms Cameron led the push that forced the departure of Mr Woolley from Bellamy's on Tuesday, along with most of the sitting board.
TasFoods said on Friday that Mr Woolley's resignation from the TasFoods board was effective immediately, and non-executive director Tony Robinson had been appointed as the new chairman.
Mr Woolley and another Bellamy's director, Launa Inman, resigned from the Bellamy's board on Tuesday, only hours before disgruntled shareholders voted off two other Bellamy's directors and elected two new ones.
Bellamy's biggest shareholder, the Jan Cameron-linked Black Prince Private Foundation, had demanded changes to the Bellamy's board following its poor recent financial performance and a massive plunge in the value of the company's shares
Ms Cameron was one of the three candidates nominated by Black Prince but failed in her board bid while the other two succeeded.
The Black Prince Private Foundation funds the Elsie Cameron Foundation, a charity of which Ms Cameron is a trustee.
Another TasFoods director, Roger McBain, is the husband of Laura McBain, who lost her job as Bellamy's chief executive in January.
Rob Woolley's son, Tom Woolley, is TasFood's chief operating officer.
TasFoods on Friday thanked Mr Woolley for his "tremendous contribution" to TasFoods, including identifying and acquiring the businesses that now sit inside TasFoods.
New TasFoods chairman Tony Robinson confirmed that TasFoods will continue to focus on building and growing its existing businesses.
TasFoods said it will look to bring another person onto the board in the near term but Mr Robinson told AAP that the board did not have a candidate at present.
He said the appointee would ideally have a mix of Australian public company experience and knowledge of the fast-moving consumer goods sector, food and branding.
"We'll be looking for someone who complements the existing skills in the business and who can represent all shareholders," Mr Robinson said.
TasFoods booked a net loss of $2.6 million for the year ended December 31, 2016.
Shares in TasFoods were unchanged on Friday at 15 cents.
Share
