- Lark Distilling Co (LRK) has appointed Satya Sharma as part of its growth and strategy
- Mr Sharma is currently the Regional Managing Director South East Asia (SEA) and Australasia for global distiller William Grant & Sons
- Current interim MD Laura McBain, will continue to serve as interim CEO until May 1, 2023 which is when Mr Sharma will officially begin his role
- His remuneration package includes a salary of $675,000 including superannuation and salary sacrificed items
- Shares in Lark are up 4.43 per cent to trade at $2.12 at 11:49 am AEDT
Whisky maker Lark Distilling Co (LRK) has appointed Satya Sharma as its new CEO, effective May 1, 2023.
After a global search, the company identified Mr Sharma as the candidate with the proven experience needed to advance its growth and strategy.
Mr Sharma is currently the Regional Managing Director South East Asia (SEA) and Australasia for global distiller William Grant & Sons.
As Regional MD, he has spearheaded development of strong distributor relationships, growing brand equity, and accelerating the contribution of luxury to William Grant & Sons through the launch of the world’s first “The Distiller’s Library” concept.
Over his 10-year career with William Grant & Sons across Singapore, China, and the UK, Mr Sharma held roles including Head of Business Strategy & Development and Interim Finance Director APAC.
“The board has been working on CEO succession, and we are delighted to secure a CEO of Satya’s calibre and experience to lead the company through its next phase of growth and expansion,” Chair David Dearie said.
Current interim Managing Director Laura McBain, will continue to serve as interim CEO until May 1 2023, following which she will remain on the Board as a Non-Executive Director.
Mr Sharma’s remuneration package includes a salary of $675,000 including superannuation and salary sacrificed items.
Shares in Lark were up 4.43 per cent to trade at $2.12 at 11:49 am AEDT.