Australian Whisky Holdings (ASX:AWY) appointments

Australian Whisky Holdings (ASX:AWY) has appointed Geoff Bainbridge and David Dearie to executive director roles effective immediately.

Both men have been non-executive directors with the company during its recently completed strategic brand and operational review.

Their remuneration packages have been amended to account for the structural change. David Dearie will act as executive chairman.

He will earn $150,000 per annum plus 35.4 million performance rights which will vest in tranches when a target market share price is achieved and service conditions are met.

Geoff Bainbridge will act as managing director. His remuneration will be $300,000 per annum plus performance rights which will vest upon similar conditions.

Shares in Australian Whisky Holdings (ASX:AWY) last traded at 4 cents.
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Source: Finance News Network