Treasury Wine Estates (ASX: TWE) announced on Thursday that Sam Fischer will become the company’s Chief Executive Officer in October 2025. He will replace Tim Ford, who is stepping down after five years leading the business.
Fischer is currently the CEO of Lion, a company owned by Kirin Group. He brings more than 30 years of experience in the alcohol beverage and luxury goods industries. His past roles include senior leadership positions at Diageo and Burberry Group.
Tim Ford will stay on as CEO until September 30 to help ensure a smooth handover to Fischer.
John Mullen, Chairman of Treasury Wine Estates, praised Ford’s leadership. He said, “Tim has guided the company through difficult times, including the pandemic, changes in tariffs on Australian wine entering China, and a major shift to a divisional operating model, especially under the Penfolds brand.”
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