Treasury Wine Estates (TWE) has confirmed that Chief Operating Office Tim Ford will step into the role of Chief Executive Officer.
The appointment comes as outgoing CEO Michael Clarke’s retirement was brought forward in order to give Ford the role for the full financial year.
Clarke announced his retirement and intention to move back to the UK in October last year.
Tim Ford has working in several roles for TWE since joining the company nine years ago, including Director Global Logistics and Director Global Supply Chain and he has been COO since January 2019.
He says it’s a privilege to lead a 3,400-strong team in building the next chapter of TWE’s growth.
“We have a talented team producing some of the finest quality wines from the some of the best wine making regions in Australia, New Zealand, Europe and America,” he says.
“I’m proud to be part of a business that helps bring moments of joy and connection to consumers around the world.”
Speaking last year, TWE Chairman Paul Rayner said that Clarke will act in the capacity of adviser to the company for up to an additional one year period following his retirement.
“[He] will provide TWE with strategic support across key initiatives, which include a potential mergers and acquisition opportunities and therefore, it is important to note that TWE will continue to operate business as usual,” said Rayner.
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