Climo climbs down from Bluestar NZ

Resignation of Glen Climo, long-term former NZ CEO, highlights the continuing transformation of the trans-Tasman printing giant.

One of the founding shareholding executives of Bluestar, Climo was replaced as CEO NZ in January by David Jupe. Since then he has been working on special projects with Chris Mitchell, group managing director.

“Glen has decided to move on for personal reasons. He’s a great guy and we wish him well,” said Mitchell.

“David Jupe and his senior management team are working on key changes to the company in this challenging market and he has my full support.”

Climo is the latest departure in a line of former printing company owners who sold their businesses into the Bluestar conglomerate. He was a partner in Nicholson Printing with ‘Bunny’ Nicholson and according to industry sources will be badly missed by the company.

Many of the original shareholding managers have had a tough trot adjusting to the changing economic conditions and the new management style since the takeover by Champ Private Equity. The expansion into Australia and the subsequent rationalisations and major redundancies on both sides of the Tasman have changed the original business model almost beyond recognition.