They follow managing director Bernard Cassell and executive director Denis Goodrem, who left last week after a combined 57 years with the company.

Bull, who joined the company just before his 18th birthday, will depart on Monday 16 May, the day the BJ Ball buyout takes effect.

He called the split “very amicable ” and said he wished the new leadership all the best.

He told ProPrint that there would no longer be a position of executive director following the buyout. “A big part of my role is null and void. They have their own plans.”

Bull (pictured) was appointed to the board in 2005, becoming one of the country’s youngest directors of a listed company.

“I have had the pleasure of working with some fantastic dedicated individuals and I can now claim to have many friends from the CPI Group and the industry,” said Bull.

“I have always been extremely proud of CPI Group and the way we have conducted ourselves in the marketplace – sometimes in very difficult circumstances.”

Industry veteran Street joined CPI Group in August 2009 after a career spanning executive roles across multiple paper companies, including Dalton Paper, Spicers Paper and Paperlinx.

Street could not be reached at time of publication.

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