Top Shelf International (TSI) has announced that Dimitrios Argyriou has been appointed as its new interim Chief Financial Officer, (CFO), starting immediately with former CFO Ben Kennare finishing his role with the business.
TSI described Argyriou as an experienced CFO with a background in consumer goods and experience in both private and ASX-listed environments.
TSI CEO Trent Fraser thanked Kennare for the significant contribution he has made to the Company since joining as CFO in January 2021.
“On behalf of all at Top Shelf, I would like to acknowledge Ben for his commitment and dedication to the Company, and I would like to personally thank him for the support he has provided me since I joined Top Shelf several years ago,” he said.
“The Board and I wish Ben all the very best in his future endeavours.”
TSI remains in a voluntary trading halt, which it requested to the ASX in late September.
In its statement to the ASX about the halt, TSI said: “The Company is in the process of negotiating with its senior lender and its largest creditors, but as a result of those continuing negotiations will not be in a position to release audited financial statements on Monday, 30 September 2024 as required by ASX LR 4.5.1.”
The statement added: “The Company continues to progress discussions with a number of parties regarding the provision of funding and potential transactions to address its short- to medium-term operating needs and the repayment of outstanding creditors.
“The Company will continue to closely review its operating strategy while it is suspended from trading to ensure that efficiency and profitability is optimised and a robust and appropriate funding structure is in place.”