Penfolds owner poaches new CEO from beer giant Lion

Penfolds owner poaches new CEO from beer giant Lion

Penfolds owner Treasury Wine Estates has poached the boss of alcohol giant Lion, behind popular beer brand XXXX, to be its new chief executive.

Penfolds owner Treasury Wines poaches new CEO from Lion

Sam Fischer, who will collect a $4 million sign-on fee, faces a challenge to reverse the fortunes of the struggling winemaker.

Treasury Wine Estates names Sam Fischer as CEO and MD

Treasury Wine Estates (TWE) has announced that Sam Fischer will be appointed as its new CEO and MD, starting this October.  Fischer is the current CEO of Lion, owned by Kirin Group, whose portfolio spans beer, wine, spirits and ready-to-drink beverages across Australia, New Zealand and the US.  Before his role at Lion, Fischer spent 15 years at beverage leader Diageo, across several roles, including president and a member of the global Diageo ex…

TWE Taps Lion CEO to Succeed Tim Ford as Chief Executive

Treasury Wine Estates named Sam Fischer as its next chief executive officer, replacing Tim Ford after a five-year tenure that saw the company navigate pandemic disruptions, trade tariffs, and a strategic overhaul of its wine portfolio. Read More The post TWE Taps Lion CEO to Succeed Tim Ford as Chief Executive appeared first on Vino Joy News.

Guess which ASX 200 stock is down 8% on CEO exit

Treasury Wine Estates Ltd (ASX: TWE) shares are having a tough session on Thursday. In morning trade, the ASX 200 wine stock is down 8% to $8.40. Why is this ASX 200 stock sinking? Investors have been hitting the sell button on Thursday after the wine giant announced a surprise leadership change. According to the release, Tim Ford is leaving Treasury Wine after 14 years at the company and five years as CEO and managing director. He will remain a…