- Top Shelf International (TSI) appoints former Moët Hennessy Louis Vuitton Vice President Trent Fraser as its new CEO
- Mr Fraser, a current TSI executive, will step into the role immediately, bringing with him more than two decades of experience in wine and spirits
- He replaces Managing Director and co-founder Drew Fairchild, whose resignation becomes effective today
- The material terms of Mr Fraser’s appointment will be announced once finalised
- Top Shelf is up 5.26 per cent, trading at 50 cents at 2:02 pm AEST
Top Shelf International (TSI) has appointed former Moët Hennessy Louis Vuitton Vice President Trent Fraser as its new CEO.
Mr Fraser, a current TSI executive, will step into the role immediately. He replaces Managing Director Drew Fairchild, whose resignation becomes effective today.
Mr Fairchild co-founded TSI in 2014 and led the company through the construction of its distillery and production facility, the establishment of an Australian agave spirit farm, and the creation and launch of the first two brands in its Australian premium spirits portfolio, NED Whisky and Grainshaker Vodka.
He was also at the helm of the company during its listing on the ASX in December 2020.
“TSI would not exist if not for Drew’s ambition and relentless determination to realise his vision to build a successful Australian spirits company,” TSI Chairman Adem Karafili said.
“He should be extremely proud of what he has achieved.”
Mr Fairchild said he had always believed the time would come when new leadership was required to take the company into its next phase.
“The time is now right for that change to occur. I leave content in what has been achieved and what the future holds in store for the company,” Mr Fairchild said.
The incoming CEO brings with him more than two decades of experience in wine and spirits. He joined TSI in September 2021 as President of Agave and International.
“As I said when Trent first joined TSI, we could not have found a more well-credentialled, internationally-recognised Australian in the spirits world to help the company realise its ambition to become Australia’s first globally relevant multi-branded spirits company,” Mr Fairchild said of the new CEO.
“He has my full backing to drive the company to even greater heights, including the long-anticipated launch of our Act of Treason Australian Agave later this year.”
The material terms of Mr Fraser’s appointment will be announced once finalised.
Top Shelf shares were up 5.26 per cent and trading at 50 cents at 2:02 pm AEST.