AUSTRALIA: Southcorp poaches Brown-Forman wine boss
In his 12 years at Brown-Forman, Burnet has held a number of other positions including two years as president advance markets group running the international spirits business and six years as senior vice president and chief financial officer.
Burnett who, will report to Southcorp chief executive Keith Lambert, takes over from John Gay, who has been appointed chairman of Southcorp's Americas operation.
Lambert said Burnet is "exceptionally well qualified to profitably grow Southcorp's business in the Americas."
Keith Lambert said: "Our business in the Americas has shown excellent volume growth and a strong profit contribution to the group, contributing 47%, or $AUD134 million, of group EBITA in 2002. Sales volumes stand at over 5 million cases, with Southcorp's premium core brands of Lindemans and Rosemount ranking in the top 20, and Penfolds having shown strong growth to 63rd ranking of all wine sold in the United States.
"Working with John we developed a plan to search for his successor who would take up the challenge for the future. Securing a person of Tom's calibre is testimony to the appeal of Southcorp's Americas business, based on its brand strength and growth potential. Tom is exceptionally well qualified to profitably grow Southcorp's business in the Americas.
"I am pleased that John Gay, who for the past 18 years has dedicated himself to developing the Australian wine industry in the Americas, has accepted the position of Chairman, Southcorp Wines the Americas. John will also take the leadership role in a number of key product development projects within Southcorp's wider business."
William M. Street, president of Brown-Forman Corporation, said: "We are sorry to be losing Tom and thank him for his many valuable contributions to Brown-Forman." Street said that no decision has been made regarding Burnet's successor as president of Brown-Forman Wines.
Brown-Forman has signed its first Southern Hemisphere wine....
Brown-Forman has announced the next step in its succession plan....
US wine and spirits group, Brown-Forman, has announced a quarterly cash dividend of 24.50 cents per share on Class A and Class B Common Stock, following a board meeting....
Brown-Forman has reported earnings growth of 21% for its fiscal year to 30 April....
The US wines and spirits company, Brown-Forman, has launched its vodka brand, Finlandia, in India. Along with the core brand, three flavoured versions of Finlandia are also to be made available on the...
A bidding war for Allied Domecq looks more likely after Constellation Brands confirmed yesterday that it has approached the Bristol-based spirits company about launching a bid to rival that of Pernod ...
The likelihood of Pernod Ricard remaining the sole bidder for Allied Domecq has reduced over the last two days....
A host of drinks companies spent the weekend mulling over whether to launch counter-bids for Allied Domecq, according to press reports over the last few days....
- What do A-B InBev results mean for SABMiller deal?
- Interview - Beam Suntory's EMEA president
- Interview - William Grant & Sons
- Anheuser-Busch InBev's FY Performance by Region
- just The Preview - Brown-Forman Q3 & YTD
- Diageo completes Don Julio, Bushmills swap deal
- Diageo, Beckham launch VIP pop-up for Haig Club
- Tesco reinstates Dan Jago following suspension
- Pernod Ricard sends Martell Mumm PJ head to Asia
- Pinnacle Vodka, Skinnygirl roll out on ice
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Wine, 2014 and the future
- Spirits and RTDs, 2014 and the future
- Beam Suntory Inc. - Strategy and SWOT Report
- Global RTD/RTS insights - market forecasts, product innovation and consumer trends research