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Australian Vintage CEO Neil McGuigan to step down, set for advisory role

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Australian Vintage CEO Neil McGuigan is to resign from his post after nine years in the job.

Neil McGuigan took over as CEO of Australian Vintage in 2010

Neil McGuigan took over as CEO of Australian Vintage in 2010

McGuigan, who in 2010 took over the company his brother helped found, will remain with AV as its technical advisor. Details on why McGuigan is resigning were not disclosed, however in a statement the CEO said he has "thoroughly enjoyed" his at the company.

McGuigan will step down after AV's annual general meeting on 20 November.

Commenting on his new advisor role, McGuigan said: "Being able to continue contributing to the company in the future, building on what my brother Brian started when he established the business in 1992, is very gratifying."

Craig Garvin, the CEO of dairy company Parmalat Australia, will take over from McGuigan, AV said. Garvin will be CEO-elect from September, going full time in November.

Garvin said: "I'm excited to build on Neil's successful transformation of this company and to support the existing strategies into outcomes that generate long-term profitable growth for the company and our shareholders."

Under McGuigan's stewardship, AV turned from a company focussing on bulk wine to one that sells a number of premium wine brands in markets including the UK. He also steered the company through a 15% stake sale to Chinese company Vintage China Fund to expand distribution in the country. In 2017, took AV back into the US after coming out of a ten-year non-compete clause following the end of an agreement with EJ Gallo.

AV was formed through a merger of New South Wales-based McGuigan Wines and Simeon of South Australia in 2003. Brian McGuigan started McGuigan Wines in 1992.

"I've never seen anything before that has affected us as much as Brexit" - just-drinks interview with Neil McGuigan from 2017


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