AUSTRALIA – Mighty Craft, one of Australia’s leading and fastest growing premium craft drinks companies, has announced the appointment of Grant Peck, a former SABMiller executive, as non-executive chair effective immediately.
Peck, a chartered accountant by trade, has been involved in the beverage industry since the 1990s. The company plans to leverage on his significant expertise to undertake a significant turnaround.
Addressing the challenges ahead, Peck acknowledged the progress made by the team in redefining Mighty Craft.
He emphasized the need for swift action to reposition the business, recognizing the collective effort required with shareholders, stakeholders, and customers.
“I am excited to be joining the Mighty Craft Team today. It’s clear there is a lot of work to be done in the turnaround of the company, however the team has already made significant progress in the redefinition of Mighty Craft.
Like many businesses, survival through the last few years has not been a given, and the board understands it must work quickly with shareholders, stakeholders, and customers to swiftly re-position the business to maximise the assets and value created so far,” he said.
Peck has had leadership roles with Lion Nathan in the 1990’s, then Beringer Blass and then Foster’s Group in the period between 2004 and 2016 including when it was owned by global brewer SAB Miller.
In managerial roles, Grant managed the CUB supply chain for an extended period when the business was a multi-beverage model. Grant also has managed smaller enterprises with time in the Agrifoods space with Sunny Ridge Farms.
Katie McNamara, managing director Mighty Craft, is excited and confident on Peck joining the team.
“Grant is a wonderful appointment for Mighty Craft and demonstrates the value that lies within the Mighty Craft assets. He has significant experience in beverage companies both from a board and executive perspective and understands the challenge that lies ahead for the company as well as the opportunity,” she said.
The appointment comes just a few weeks after company shareholders voted against the re-election of board chair Chris Malcolm during the company’s annual general meeting.
In August, Malcolm had launched an extraordinary tirade against the company’s previous board and the strategy the company was founded on.