The company said it expects to appoint a successor "within weeks"

The company said it expects to appoint a successor "within weeks"

The managing director of Treasury Wine Estates' Beringer unit, Stephen Brauer, is leaving the company to pursue "external opportunities". 

The company confirmed on Friday (6 July) that Brauer is stepping down, while an announcement on a replacement is expected "within weeks". Brauer has headed up both Treasury's Beringer Brand Business Unit and its Americas region since joining the firm in 2009.

Treasury Wine Estates said in a statement that it "remains committed to profitable growth and the global development of Beringer alongside other regional brand champions, including Chateau St Jean, Stags’ Leap, Etude and Be".