Wool and carpet company Cavalier Corporation has announced the resignation of its chief executive just days after receiving a significant government grant.
Last Thursday the company's board announced it had "regretfully accepted" Paul Alston's resignation as its head after six years in the job.
Last Monday, Cavalier announced its subsidiary Bremworth had received $1.9 million from the Sustainable Food and Fibre Futures fund to go towards the company's $4.9 million strategy of moving away from synthetics to only producing woollen carpets.
Alston joined the company as chief financial officer in 2012 and has served as chief executive since May 2015.
In his time, he oversaw a restructure of the business, as well as the development of its all-wool and natural fibres strategy.