Baby Bunting Group Limited announced details of the planned succession process for the CEO and Managing Director position. After more than 11 years in the role, CEO & Managing Director, Matt Spencer, will finish with the Company towards the end of the year. Baby Bunting Chair, Melanie Wilson, said Matt who joined Baby Bunting as CEO in February 2012, would leave an enduring legacy having led Baby Bunting with great vision and energy throughout his tenure and has provided outstanding leadership.

Matt has led Baby Bunting with distinction throughout his term. He joined Baby Bunting in the years before its IPO and led the team that successfully listed Baby Bunting in October 2015. At that time, the store network consisted of 33 stores with around $200 million in annual sales.

That has grown to 70 stores in Australia and New Zealand and annual sales in excess of half a billion dollars. Matt and his team have executed on the Company's strategy to grow market share while also focusing on the Company's core purpose to support new and expectant parents.