Australia's Lark Distilling falls on CFO exit

Lark Distilling

10/01/2023 02:43

** Shares of Lark Distilling Co Ltd  LRK.AX  fall nearly 5%
to A$2.33, set for their third straight session of drop, if
losses hold 
    ** The craft spirits maker says Chief Financial Officer Alex
Aleksic resigned 
    ** LRK appoints financial controller Michael Andrews as
interim CFO
    ** Says Lark will soon start the recruitment of a permanent
CFO
    ** Lark appointed Satya Sharma as its chief executive
officer last Nov after its past chief Geoff Bainbridge stepped
down in Feb over an alleged drug use video, part of what he
claimed was a years-long extortion plot 
    ** LRK stock lost 54% in 2022
 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.Mishra@thomsonreuters.com))