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Australian whisky maker Lark Distilling has appointed non-executive director Stuart Gregor because the group’s new CEO.
Gregor will take over from Satya Sharma, who is about to step down on 31 December.
In an announcement on the Australian inventory trade, the one malt whisky producer stated Gregor, who has been an organization director since final yr, has an “intimate understanding and data of the enterprise”.
In 2013, Gregor co-founded 4 Pillars Gin, which was acquired by the Kirin-owned Australian brewing group Lion in 2023.
Lark Distilling chairman Domenic Panaccio stated: “Stuart combines deep class data, confirmed entrepreneurial credentials, and world perspective with an unrivalled ardour for Australian spirits. His management will speed up Lark’s ambition to be recognised as a frontrunner in new world whisky, whereas persevering with to construct on the distinctive legacy created underneath Satya’s stewardship.”
Throughout his profession, Gregor has additionally been president of the Australian Distillers Affiliation.
Commenting on Sharma’s tenure, Panaccio stated the corporate “delivered constant and sustainable outcomes, expanded into key worldwide markets, strengthened our portfolio providing, fortified our steadiness sheet and established an operational platform designed to ship sustainable long-term worth”.
In Lark Distilling’s 2025 monetary yr, which ran to the top of June, the Tasmanian firm behind Forty Noticed gin model reported a 12% rise in internet gross sales income to A$15.6m ($10.3m).
The expansion was largely pushed by direct-to-consumer gross sales, journey retail and exports.
Lark Distilling’s gross revenue elevated to A$10m, an uptick of A$0.6m.
Nonetheless, the transition to a distributor-led gross sales mannequin resulted in a lower within the gross revenue share, which fell to 64%, down by roughly 3.5 share factors.
At a statutory EBITDA stage, Lark Distilling made a lack of A$5.9m. It generated a internet lack of A$11.3m, up from one in every of A$4.6m a yr earlier.
Gregor stated: “The chance to guide Lark is uncommon and thrilling within the Australian distilling panorama and is the one one that might have attracted me again into the business following the profitable sale of 4 Pillars to Lion.”
“Lark Distilling director named Australian whisky maker’s CEO” was initially created and revealed by Simply Drinks, a GlobalData owned model.
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