Australian Vintage's new CEO appointment

Australian Vintage Limited (ASX:AVG) has appointed Craig Garvin as Chief Executive Officer, effective from Monday, 14 October 2024. The decision follows an external search process and the Board's confidence in Garvin's leadership abilities and industry expertise.

Chairman and Committee's Comments on the Appointment

The new Board of Australian Vintage is pleased to welcome Craig back to AVG. His appointment follows an external search that considered a number of exceptional candidates. After a thorough review of the circumstances and processes surrounding his departure from Australian Vintage in May, the Board felt it was important for Craig to be involved in the search process. 'Craig's track record at AVG, his leadership style and deep understanding of our industry and our partners make him the right person to lead the company. He is a respected and well-liked leader who successfully led the change at AVG in a challenging environment. This included the development and implementation of the company's five-year strategic plan, which transformed the company into a consumer-led business with a commitment to innovation,' Chairman James Williamson said today. Chair of the Board's People, Remuneration and Nomination Committee, Margaret Zabel, added, 'Craig has demonstrated his ability to create an effective high-performing team, build a strong culture, and develop enduring relationships with customers and other stakeholders. He is the right person to take Australian Vintage forward, and we are looking forward to working with him to create value for our shareholders to deliver great wine brands to our customers.'

Outlook for Australian Vintage under Craig Garvin's leadership

The appointment of Craig Garvin as CEO of Australian Vintage positions the company to strengthen its position and take advantage of opportunities in both Australian and international markets. The Board's confidence in Garvin's ability to lead the company, restore shareholder value, and deliver great wine brands to customers highlights their commitment to the company's future success. With Garvin's track record and leadership style, the company aims to create value for its shareholders and continue its commitment to innovation and consumer-led business strategies.