New boss for Blue Star
Phillip Bower has been appointed managing director and chief executive of Blue Star Group Holdings.
Phillip Bower has been appointed managing director and chief executive of Blue Star Group Holdings.
Phillip Bower has been appointed managing director and chief executive of printing group Blue Star.
Mr Bower, who takes up the role on November 28, was previously managing director at Goodman Fielder, MCK Group (a diversified industrial products manufacturer) and most recently Unitas Capital (a leading Asia Pacific private equity firm).
Blue Star chairman Nick Greiner, says Mr Bower is an "astute businessman who has been tested across a range of industries and challenging commercial situations. He has proven operational skills and a record of achieving results. The board looks forward to working with Phillip as he executes the strategy recently presented to bondholders."
The troubled printing group was handed a life line after its mainly Kiwi retail bondholders today voted in favour of a controversial $25 million funding package and restructure.