McGuigan Simeon has hinted at its future by appointing the younger brother of its founder to the production side of the business.

Neil McGuigan, 16 years younger than his brother Brian, left the family operation 10 years ago to pursue a separate career.

Brian McGuigan said cautiously at the annual meeting that Neil was potentially one of the executives who could take over while chairman David Clarke said the succession was a subject the board took very seriously.

In 2003-2004, profits at McGuigan, Australia's fourth largest wine company were A$40.2m (US$31.2m).