PacBrands chairman changes horses midstream

A profit warning and a surge in debt levels suggest the wrong person was in the job as CEO.

Pacific Brands chair Peter Bush either made the wrong decision two years ago or has changed his mind on what lies ahead in the company’s future.

Either way as he moves to fast forward a liquidation of parts of the business it is clear, the way he thinks now, that John Pollaers was the wrong person for the job as chief executive.

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