CEO Paul Schaafsma set to leave Accolade Wines
Paul Schaafsma became CEO of Accolade Wines less than a year ago
Accolade Wines has confirmed reports that its CEO, Paul Schaafsma, is set to step down in the coming months.
Citing an internal memo, the Australian Financial Review said yesterday that Schaafsma "didn't want to commit to the role for the next few years". The news comes three weeks after Accolade's owner, CHAMP Private Equity, appointed a stock listing advisor ahead of a planned initial public offering in the first half of 2017.
When contacted by just-drinks today, a spokesperson for Accolade confirmed the reports.
Accolade also confirmed that it has lined up Michael East, its general manager for Asia, Australia and New Zealand, to succeed Schaafsma. East has become deputy CEO ahead of Schaafsma's departure at some point prior to the IPO.
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