AUS: Penfolds MD leaves Treasury Wine Estates

By | 15 March 2013

TWE has parted company with the head of its Penfolds brand

TWE has parted company with the head of its Penfolds brand

The head of Treasury Wine Estates' Penfolds wine brand has left the company with “immediate effect” after a year in the role, the company has confirmed.

Gary Burnand, who became MD of the brand last March, will be replaced by Simon Marton, head of TWE's Wolf Blass unit, while the group seeks a permanent replacement. Burnand, who joined the company in December 2011, reported in to TWE chief executive David Dearie. 

In an email to staff, reported by The Australian, Dearie wrote: “Following discussion over the future strategic direction of Penfolds, we both felt that now was the right time for Gary to leave Treasury to pursue other opportunities."

A TWE spokesperson has confirmed the story to just-drinks, but said the company is not issuing a media statement. 

Burnand was responsible for “setting and driving the strategic direction” of the Penfolds brand. 

The company, which broke off from Foster's Group in 2011 to become a standalone company, did not comment on Penfold's performance in its first-half results statement last month, as it saw group sales and profits slide. 

Bibendum Wines took on the distribution of Penfolds in the UK last month.

Sectors: HR – personnel, Wine

Companies: Treasury Wine Estates, Foster’s

View next/previous articles

15 Mar 2013 -

just the Research

Currently reading -

AUS: Penfolds MD leaves Treasury Wine Estates

There are currently no comments on this article

Be the first to comment on this article

Related research

Cider

This report analyzes the worldwide markets for Cider in US$ Million and Million Liters. The report provides separate comprehensive analytics for the US, Canada, Europe, Asia-Pacific, Latin America, South Africa, and Rest of World. Annual estimates an...

Foster's Group Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report

MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage....

Foster's Group Ltd.: Consumer Packaged Goods - Company Profile & SWOT Report

"Foster's Group Ltd.: Consumer Packaged Goods - Company Profile & SWOT Report" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis...

Related articles

UK: Heineken, Britvic deliveries under threat from strike action - Unite

UK deliveries of Heineken and Britvic brands could be affected by a 24-hour strike by workers at logistics firm Kuehne + Nagel, according to trade union Unite.

just Five Years Ago: US predicted to become world's biggest wine consumer

Five years ago this week, the US was forecast to become the world's largest wine-consuming market by 2010.

UK: Heineken renews Manchester City FC tie-up

Heineken's UK division has renewed its deal as official beer partner of Manchester City Football Club in the country.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page