News

AUS: Ex-Southcorp boss buys Cumulus stake

Most popular

just-drinks speaks to Beam Suntory CEO - Part II

just-drinks meets Beam Suntory CEO Albert Baladi

Lift our heads out of our drinks - Trends

What does the future hold for Champagne? - Focus

Why the wine consumer is getting angry - Comment

MORE

Keith Lambert, the ex-CEO of Southcorp, has acquired a 51% stake in Cumulus Wines. He joins fellow ex-Southcorp executives Jeffery Wilkinson and Philip Shaw at the company.

In a statement, current Cumulus chairman Peter Wedgwood said that following a restructuring of the winery last year, emphasis will now turn to sales in North America, Europe and Australia. 

As part of this plan, Lambert will join the board as a director and chairman. In addition, he will acquire from Assetinsure Pty Ltd a 51% controlling interest in the shares of Cumulus Wines.  

Meanwhile, Wilkinson has been appointed CEO of Cumulus Wines. He was most recently president of Southcorp Wines Europe. Wilkinson will be based in Sydney, focusing primarily on widening distribution and sales of the company's products.

Shaw will become managing director, winemaking & production. Over the past 18 months, Shaw has been working on the restructuring of Cumulus Wines, including the development of the Climbing and Rolling brands. Shaw will now assume all responsibility for vineyard and winery operations and will be based in Orange. 

The company also announced the establishment of its own importing US subsidiary, Cumulus Wines USA, Inc. based in Kansas City, Missouri.

Wedgwood said: "We are delighted with the executive talent and wine management experience that Cumulus has attracted.  We are building a formidable team, poised to compete and win in this challenging industry. Our unique brands, outstanding winemaking under Philip Shaw and international management ability offer an outstanding consumer proposition."


Sectors: Wine

Related Content

Is FEMSA trying to bloody Heineken's nose with stake sale? - Editor's Viewpoint

Is FEMSA trying to bloody Heineken's nose with stake sale? - Editor's Viewpoint...

Zamora Co adds Lolea sangria stake to armoury

Zamora Co adds Lolea sangria stake to armoury...

Pernod Ricard returns to Kentucky Bourbon with Rabbit Hole Whiskey stake purchase - market data

Pernod Ricard returns to Kentucky Bourbon with Rabbit Hole Whiskey stake purchase - market data...

The Sazerac Co enters India with John Distilleries stake purchase

The Sazerac Co enters India with John Distilleries stake purchase...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?