Grant Baker is stepping down as chairman of Moa Group and will be replaced by independent director Ashley Waugh as part of the unprofitable boutique beer maker's board shuffle as it chases Australian and New Zealand sales.
Waugh, a former chief executive of National Foods in Australia which merged with brewery Lion Nathan under Japanese beer company Kirin Holdings' ownership, will take over as chair on Jan. 28, the Auckland-based company said in a statement.
Baker has headed the board since the company listed in November 2012 and will remain as a director.
Outgoing chair Baker is a former executive chairman of 42 Below, the vodka company founded by Moa chief executive Geoff Ross which was sold to international rum and liquor business Bacardi for $138 million in 2006.
The two have since been active investors in everything from scented candles, skincare products and finance companies, via their venture investment fund The Business Bakery.