Australian Vintage names new CEO

Australian Vintage has promoted the commercial director Tom Dusseldorp to CEO.

Dusseldorp succeeds Craig Garvin, who “repositioned and stabilized the company after a difficult 2024,” said the Australian list on the public list today (April 29).

The wines of McGuigan and the Tempus Two again designated Garvin as CEO last October only five months after finishing their contract.

In May last year, Australian Vintage announced that his advice had shot Garvin as CEO “To imply in the behavior that, in his opinion, showed a lack of judgment and was inconsistent with the values ​​of the company and the planned standards of its CEO.”

Following his departure, non -executive director Peter Perrin intervened as acting CEO while the search for a permanent successor was underway.

Perrin’s provisional leadership concluded with his departure in August After a cancer diagnosis. Vintage Australian President James Williamson intervened to take on the role.

When Garvin was named, Margaret Zabel, the chair of the Australian vintage remuneration and nomination committee, said: “Craig has shown his ability to create an effective performance team, build a strong culture and develop lasting relationships with clients and other interested parties.

“He is the right person to carry out the Australian harvest and we hope to work with him to create value for our shareholders to deliver large wine brands to our customers.”

Williamson today said: “The Council is grateful for the transformative leadership that Craig has brought to the Australian harvest for many years.

“He returned last year to support the Council with a plan to stabilize the company for a difficult 2024 and make sure we had a first-class first-class leadership team. We are now better positioned as a result of its leadership, including having a clear succession plan.”

Williamson added: “We are fortunate to have an exceptional leadership team in the Australian vintage and it is very pleasant to Tom poured as CEO.”

Dusseldorp joined the Australian harvest in 2022. His career includes papers at the Ricard Pernod and the Australian Food and Drinks Noumi group.

He said: “At the back of Craig’s leadership in recent months, we now have the opportunity to double our work to offer a sustainable positive cash flow through innovation -directed investments and brands for accelerating revenue growth.”

During Australia 2023/24, company revenue increased by $ 1% to $ 261 million ($ 175.7 million). Underlying ebits increased by $ 24% to $ 13 million, and underlying NPATS grew 29% up to $ 5 million. However, the company recorded a loss of $ 93 million.