Deregallera Holdings Ltd. announced the appointment of Peter Tierney as the Company's new Chief Executive Officer, effective from 1 July 2022. Peter Tierney is an experienced Chief Executive with over 30 years' experience in operating and developing growth orientated service and manufacturing businesses. He was until recently Chairman and Chief Executive officer of Lewmar Marine Limited ("Lewmar Marine"),a private equity backed international marine manufacturing and distribution business.

Upon Peter Tierney's appointment on 1 July 2022, Christopher Theis, the Company's current Chief Executive Officer, will assume the role of Executive Chairman for a period of four months to ensure an orderly hand over of responsibilities to Peter, before he takes the role of Non-Executive Chairman of the Company from 1 November 2022.