News

Change in leadership at Australian Vintage

Ian Ferrier, chairman of Australian Vintage Limited (AVL) has announced that AVL’s CEO, Dane Hudson, has decided to pursue other interests and will be leaving the company in May.

The Board will commence a search process to appoint a new CEO once a decision is made concerning the potential merger with Constellation Brands.

Over the next two months Hudson will transition his responsibilities to Neil McGuigan, AVL’s general manager of production and supply, who will be appointed interim CEO on Hudson’s departure.

McGuigan has been a leader in the wine industry for the past 30 years and was recently awarded International Winemaker of the Year at the International Wine and Spirits Competition.

Ferrier said: "Dane has been AVL's CEO for over four years and has worked closely with the board in the restructuring and repositioning of AVL during one of the most challenging times in the history of the Australian wine industry.

"Dane has shown strong leadership and commitment during this demanding period and now feels the time is right for a change. On behalf of the Board, I thank him for his significant contribution and wish him well in the next stage of his career."

Hudson said: "I have thoroughly enjoyed leading Australian Vintage. It is a company with outstanding people, products, suppliers and customers. From both a personal and career perspective this marks the right time for me to move on as AVL is well positioned to embark on future opportunities."

Discussions with Constellation regarding a possible combining of part of their Australian and UK operations with AVL continue. AVL says it will will keep the market informed as required by ASX listing rules.

Dane Hudson