Terlato Wines has launched a spirits joint venture with South Africas Distell Group

Terlato Wines has launched a spirits joint venture with South Africa's Distell Group

Terlato Wines confirmed yesterday that current president Chris Lynch will move up to become chief development officer at the unit's holding company, Terlato Wine Group. 

Lynch held the role of president for five years. He will be succeeded by COO Dave Lane, who will also retain the COO role. 

Lane will oversee sales and marketing for Terlato Wines, as well as work with the COO of the company's new spirits venture. 

In November, Terlato Wine Group and South Africa's Distell Group announced plans to launch a spirits joint-venture in the US. The companies said they would merge Terlato's artisan spirits division with Distell's US spirits unit. The JV will be 50/50 and led by Bill Terlato as CEO.

Meanwhile, Lynch is to focus on new business development, portfolio acquisitions and direct-to-consumer operations, the company said.