Joint-CEOs of Cobram Estate Olives Limited, Sam Beaton and Leandro Ravetti, announced a change in the Company's USA Chief Financial Officer (CFO), and the appointment of a USA Chief Operations Officer (COO). During the past six months, the Company has finalised plans to adapt its USA team to the needs of this growing business division. The Company's focus is on building an experienced management team with the skills and expertise required to drive its USA growth strategy.

As a result, several changes have been made to the current structure, headlined by a change in the CFO of the Company's USA business, and the appointment of a COO for its USA business. Trenton Gallagher has been appointed as the Company's Chief Financial Officer of USA operations. Trenton will start in this role on the 28th of March 2022.

Trenton has over 15 years' experience working in senior finance and corporate roles in the USA and Canada. Trenton possesses a strong background in strategic and commercial finance, financial modelling, and capital management, together with substantial experience in fast moving consumer goods, having worked in retail (Safeway Limited, Canada) and with several wine companies, most recently Napa Valley-based Crimson Wine Company. He is also experienced working with Australian business divisions, having spent over ten years working for Treasury Wine Estates, Americas.

Trenton will report to Company CFO and Company Secretary, Russell Dmytrenko. Trenton replaces Michael Gonzales as Chief Financial Officer, USA, who finished with the Company today. CBO's Board of Directors would like to thank Michael for his contribution to the Company and wish him all the best for his future endeavors.

Conor Churchin, the Company's General Manager of olive oil production (Australia and USA) for the past five years, has relocated to the USA and accepted the position of Chief Operations Officer, USA, reporting to joint-CEO, Leandro Ravetti. Conor has been travelling to the USA each year to supervise olive processing and will now be responsible for coordination and supervision of all production operations including farming, milling, bottling, and logistics. The operations team under Conor has been boosted by the addition and/or promotion of very experienced staff from Argentina, Australia, and the USA, providing the depth of talent required to successfully execute growth plans over the coming seasons.