Lark Distilling director named Australian whisky maker’s CEO

Group 1 - Lark Distilling has appointed Stuart Gregor as the new CEO, succeeding Satya Sharma who will step down on December 31 [1] - Gregor has been a director at Lark since last year and is recognized for his deep understanding of the business [1][2] - The chairman of Lark Distilling, Domenic Panaccio, highlighted Gregor's entrepreneurial credentials and passion for Australian spirits, indicating that his leadership will enhance Lark's ambition in the whisky market [2] Group 2 - Under Sharma's leadership, Lark Distilling achieved consistent results, expanded into international markets, and strengthened its portfolio [3] - For the financial year ending June 2025, Lark reported a 12% increase in net sales revenue to A$15.6 million (approximately $10.3 million) [3][4] - The growth was primarily driven by direct-to-consumer sales, travel retail, and exports, although the transition to a distributor-led model led to a decrease in gross profit percentage to 64%, down by about 3.5 percentage points [4] Group 3 - Lark Distilling reported a gross profit of A$10 million, an increase of A$0.6 million, but faced a statutory EBITDA loss of A$5.9 million and a net loss of A$11.3 million, up from A$4.6 million the previous year [4] - Gregor expressed excitement about leading Lark, viewing it as a unique opportunity in the Australian distilling landscape [5]