In a story that would not be out of place in the hallways of parliament, industry legend Bill Lark has stepped down from his role at Australian Whisky Holding (AWH) amidst pressure on the company to have senior board members move away from the business.
Tasmanian businessman Bruce Neil and his 9.4 per cent share of AWH has forced a shareholder vote to have Chairman Terry Cuthbertson as well as directors Peter Herd, Gary Mares and Stuart Grant depart the board. Although wanting Bill Lark to stay on with the business, Lark has decided to leave alongside CFO and acting COO Brendan Waights.
Coming onto the board as directors are the ex Treasury Wine Estates chief David Dearie and former Grill’d Executive Geoff Bainbridge. Both have seen their fair share of turbulence through their previous roles.
As we wrote in our article ‘Nant.. A trouble past, or a bright future’, AWH have added the Nant distillery into their brand portfolio and have just recently stared releasing their first editions Nant whisky. This spill is sure to damage the hard work that has been put in to fix that troubled brand.
AWH’s represented brands include Lark, Overeem and Forty Spotted Gin.