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New Zealand

Ebos hires Telstra's Shaun Hughes as chief financial officer

Ebos hires Telstra's Shaun Hughes as chief financial officer after promoting Cullity to CEO

By Jonathan Underhill

March 15 (BusinessDesk) - Ebos Group has hired Telstra executive Shaun Hughes as chief financial officer after the health-care and pet-care products group promoted John Cullity to chief executive.

Hughes has held executive positions at the Australia telecommunications company since December 2012 and previously worked for Elders and IBM. Cullity becomes CEO on March 31, having been promoted from CFO following the departure of Patrick Davies, which was announced in December. Davies will continue working for Ebos as a contractor.

Davies became CEO in July 2014, having held the top job for six years at Symbion, the pharmaceutical wholesaler and distributor in Australia that Ebos acquired in 2013 for $1.1 billion cash and scrip, a deal which transformed the company and saw profit almost triple in 2014. Symbion’s owner Zuellig Group gained a 40 percent stake in the combined business as a result.

Cullity also joined Ebos in July 2014 after roles at Sigma Pharmaceuticals in Australia and Coca-Cola Co in the US.

Ebos shares dropped 1.8 percent to $18.10 after the market opened this morning, and have slipped 0.6 percent this year.

(BusinessDesk)

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