Investing.com-- Treasury Wine Estates (ASX:TWE) announced on Thursday that Sam Fischer will take over as Chief Executive Officer from October 2025, replacing Tim Ford, who is stepping down after five years in the role.
Fischer, currently CEO of Kirin Group-owned Lion, brings over 30 years of experience in the alcohol beverage and luxury sectors, including leadership roles at Diageo (LON:DGE) and Burberry Group (LON:BRBY).
Ford will remain until September 30 to ensure a smooth transition.
" As CEO, Tim has stewarded the Company through the pandemic, the application and removal of tariffs on Australian wine into China and the transformation of the business to its divisional operating model, led by Penfolds," Chairman John Mullen (NASDAQ:MULN) said in a statement.