Andrew Cohen (businessman)

Andrew Cohen (born 1977) is an Australian businessman and CEO of Australian organic infant formula and baby food producer Bellamy's Organic.

Andrew Cohen in 2016

Early life and education

Born in Melbourne in 1977, Cohen attended high school in Melbourne, before completing consecutive bachelor's degrees in Arts (Philosophy) and Commerce (Finance and Accounting) at the University of Melbourne.[1]

Career

Cohen joined management consultancy L.E.K. Consulting as a graduate in 2002, working in the Private Equity and Corporate Mergers and Acquisitions sectors of the firm's Australian and US offices. In 2005, the firm sponsored him to undertake a full-time MBA at Cambridge University where he was Dux of his graduating year.[1][2]

Bain and Company

From 2008 to 2016, Cohen worked with high-profile global management consultancy Bain & Company, as a retail strategy and pricing consultant. In 2014, he was promoted to partner in Bain's Melbourne office.[3][4] Cohen's work on go-to-market strategy and cross-border trade in China, and his experience turning around struggling companies through his time as partner at Bain & Company,[5] saw him brought on board as a strategic advisor with Bellamy's Australia, in the wake of sharemarket unrest following the 2016 CNCA regulatory changes and associated slowdown in the Chinese market.[6][7]

Bellamy's Organic

Cohen joined Bellamy's Organic in June 2016 as Chief Operations & Strategic Officer, before being appointed acting CEO in January 2017, following departure of former CEO Laura McBain. Bellamy's faced a share price plunge in December and January, after it flagged a significant drop in sales in the key China market. A significant downgrading of the company's full-year earnings forecast, in turn saw an investor-led revolt and the replacement of the board of directors in January 2017.[8][9]

Cohen's work is largely credited for the improved revenue results for the six months to 31 December, which saw a rise of 12.5 per cent to $118.3 million compared to a year earlier.[10][11] In April 2017, with the appointment of John Ho of Hong Kong-based investor Janchor Partners to the board as a non-executive Director, Bellamy's confirmed Cohen as its permanent chief executive.[12]

References

  1. 1 2 "Annual Report 2017". bellamysorganic.com.au. Bellamys Australia. Retrieved 25 October 2017.
  2. ↑ Cohen, Andrew. "Profile". LinkedIn. Retrieved 28 October 2017.
  3. ↑ "Bain & Company strengthens worldwide partner group with the promotion of 32 business consultants". Bain & Company. Retrieved 26 October 2017.
  4. ↑ Delany, Lee; Cohen, Andrew; Morningstar, Tim; Hansen, Odd Erik. "Pricing for Penetration". Bain & Company. Retrieved 28 October 2017.
  5. ↑ Perkins, James (11 January 2017). "Laura Mcbain Dumped As Bellamy's Ceo As Its Problems Are Laid Bare". Business News Australia. Retrieved 26 October 2017.
  6. ↑ Thompson, Sarah; Macdonald, Anthony; Moullakis, Joyce (14 June 2016). "Bellamy's lures Bain & Co's Andrew Cohen, Powerhouse Ventures ramps up IPO". Australian Financial Review. Retrieved 29 October 2017.
  7. ↑ Lynch, Jarrod; Flitton, Daniel; Wen, Phillip (12 April 2016). "Blackmores, Bellamy's Organic, a2 Milk shares plunge on China customs crackdown". Australian Financial Review. Retrieved 29 October 2017.
  8. ↑ "Bellamy's Australia says acting CEO Andrew Cohen and acting CFO Nigel Underwood confirmed as permanent executive appointments". Thompson Reuters. 13 April 2017. Retrieved 26 October 2017.
  9. ↑ Gardner, Jessica (13 April 2017). "Bellamy's Australia appoints John Ho to board, confirms Andrew Cohen as CEO". Australian Financial Review. Retrieved 26 October 2017.
  10. ↑ "China sales hit Bellamy's profit". Country News. Retrieved 28 October 2017.
  11. ↑ "Bellamy's shares rise as licence restored". SBS. Australian Associated Press. 9 August 2017. Retrieved 28 October 2017.
  12. ↑ "Bellamy's interim CEO now permanent". SBS. Australian Associated Press. 13 April 2017. Retrieved 26 October 2017.
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