Jatcorp Ceo Sunny Liang Steps Down

Credit: Jatcorp/LinkedIn.

Australian beverage powders business Jatcorp has revealed its CEO and head Sunny Liang, has resigned from nan business aft conscionable 18 months astatine nan helm.

He steps down from his position pinch contiguous effect.

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In ASX announcement coming (3 September), nan institution confirmed executive head Dr Sean Li has taken connected nan CEO position until a imperishable replacement is found.

The patient noted that Liang had agreed to stay pinch nan institution during his three-month announcement play to assistance pinch nan modulation process to a caller CEO.

“The institution sincerely acknowledgment Mr Liang for his activity of Jatcorp, and [the] strengthening of it during his clip astatine nan company,” Jatcorp said successful nan banal speech filing. 

Liang was first appointed arsenic CEO astatine nan user equipment company successful January 2024, aft antecedently being COO and executive director.

Prior to moving for Jatcorp, Liang spent much than a decade successful nan export industry, specifically focusing connected babe formula, arsenic good arsenic wellness supplements and different areas relating to cosmetics and individual care, according to nan company.

The CEO displacement follows Jatcorp’s issuance of a profit warning for nan 2025 fiscal twelvemonth in July, owed to gross declines and impairments.

The Sydney-headquartered institution said successful a banal speech filing astatine nan clip that it expected to book a nett nonaccomplishment of A$7.6m to A$8m ($5m to $5.2m) for nan 12 months to nan extremity of June.  

That is based connected an anticipated second-half nonaccomplishment of A$1.5m to A$1.9m, connected apical of nan A$6.1m nonaccomplishment registered successful nan first six months of nan fiscal year.

Jatcorp said astatine nan clip that it “remains focused connected nan execution of its strategical maturation agenda” and is “cautiously optimistic” astir nan outlook for FY2026. 

Due to the operational restructuring efforts undertaken successful FY2025, guidance expects “improved performance” successful nan twelvemonth ahead, supported by a “sharpened attraction connected marque development, distribution description , and separator recovery”.