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Rivco Australia Appoints Executive Chair

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Rivco Australia (ASX:RIV) appointed Chair Brendan Rinaldi as executive chairman for a period of 12 months, effective June 22, according to a Wednesday filing with the Australian bourse.

The executive chairman role is intended to be temporary, with the board expected to reassess the company's leadership structure within the next 12 months as it defines its next phase of growth, the filing said.

Vivienne Brand has been appointed as deputy chair during this period, the filing added.

The company's shares shed 1% in recent Wednesday trade.

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