Laura McBain is an Australian business woman and media commentator. She is the former CEO and managing director of

Bellamy's Australia Bellamy's Australia (formerly Tasmanian Pure Foods Ltd) is a major Australian food and beverage company, and is the parent company of Bellamy's Organic, Australia's largest organic infant formula producer. History Bellamy's started as Bellamy ...

and is known for her leading role in transforming family-run

Tasmania ) , nickname = , image_map = Tasmania in Australia.svg , map_caption = Location of Tasmania in AustraliaCoordinates: , subdivision_type = Country , subdi ...

n business

Bellamy's Organic Bellamy's Organic is an Australian organic infant formula and baby food producer, and was a wholly owned subsidiary of Bellamy's Australia (formerly Tasmanian Pure Foods Ltd) before being acquired by China Mengniu Dairy. History Established b ...

into a major Australian and international

organic food Organic food, ecological food or biological food are food and drinks produced by methods complying with the standards of organic farming. Standards vary worldwide, but organic farming features practices that cycle resources, promote ecological ...

producer.

Background and education

Born and raised in Sydney, McBain worked for a number of years as an accountant with

Crowe Horwath Crowe Global, commonly referred to as Crowe, previously Crowe Horwath International, is a multinational professional services network. It is the 9th largest global accounting network in the world by revenue. The network consists of more than 220 ...

(formerly WHK) and regional accounting firms in Launceston, while completing bachelor's degrees in Commerce and Business at the

University of New South Wales The University of New South Wales (UNSW), also known as UNSW Sydney, is a public research university based in Sydney, New South Wales, Australia. It is one of the founding members of Group of Eight, a coalition of Australian research-intensive ...

and the

University of Tasmania The University of Tasmania (UTAS) is a public research university, primarily located in Tasmania, Australia. Founded in 1890, it is Australia's fourth oldest university. Christ College, one of the university's residential colleges, first pro ...

; and in 2013 completed the IMD Leadership Challenge.

Bellamy's Organic

Prior to joining

Laura McBain practised as an accountant, specialising in the provision of business advisory and taxation services. She joined the then-struggling Launceston-based food and baby formula company in 2007 as general manager just prior to the buyout of the family owned business by Tasmanian Pure Foods. McBain is widely credited as recognising the potential for Bellamy's in the nascent Chinese organic infant food and formula market, making the decision that turned the company into a major Chinese food brand. With McBain as general manager, the company reported a growth rate of 70% per annum over the period 2008 to 2013, with revenue growing by 900% over those five years to reach an estimated $50 million in the 2014 financial year. Latest company reporting has the business forecasting increased sales to China of 264% in FY2015. In June 2014, Tasmanian Pure Foods was renamed

with McBain subsequently appointed as managing director and chief executive officer. Following a highly successful July 2014 IPO, Bellamy’s Australia Limited (BAL) listed on the Australian Stock Exchange (ASX) in August 2014. On 26 August 2016, Laura McBain sold 165,000 shares in Bellamy valued at $14.54 (total value $2.4 million) on top of the 400,000 shares sold at $10.49 (total value $4.19 million) on 17 March 2016. In December 2016, Bellamy's Australia suspended trading of shares following a tumultuous fortnight for the organic group, which had half a billion dollars wiped off its value on Friday, 2 December. The share price dropped from a height of $13.58 to $5.98 after the company have revealed its report outlining that the company have had shrinking market share in China for the past few months. In January 2017, she was replaced by Andrew Cohen as the CEO of

Awards and recognition

The company's expansion into the Chinese market and associated rapid growth have garnered significant attention within both media and academic circles, both in Australia and internationally. In 2013 McBain was named as the 2013 Telstra Tasmanian Business Woman of the Year, and went on to be named Telstra Business Woman of the Year for 2013 (Private and Corporate).

Awards

* Telstra Tasmanian Business Woman of the Year (2013) * Telstra Australian Private and Corporate Business Woman of the Year (2013) * Telstra Tasmanian Private and Corporate Business Woman of the Year (2013) * Telstra Tasmanian Business Innovation Woman of the Year (2013) McBain appears regularly in local and national Australian media, providing commentary on the Australian organic industry, local and international markets and state politics. McBain's role in the noteworthy transformation of the Bellamy's Organic business and the company's rapid and continued growth has been the subject of a chapter in influential marketing textbook '' Principles of Marketing''.

References

{{DEFAULTSORT:McBain, Laura Australian business executives Living people Year of birth missing (living people)