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Foster’s uncorks fresh structure

Simon Evans reported in The Australian Financial Review on 11 August 2005 that the Foster’s Group has finalised the top five layers of management of its newly merged $2.6 billion global wine business, with Foster’s global wine managing director, Jamie Odell briefing 400 executives on a new strategy during a gathering in California last week.

Foster’s has also largely disbanded a 25-member specialist integration team set up in late May after it secured full ownership of Southcorp following a $3.2 billion takeover.

In a separate meeting, 75 winemakers from across the new Foster’s Wine Estates operations in Australia and New Zealand met on 10 August in Melbourne on the first day of a two-day conference to reinforce the company wide push.

The 400 executives were told Foster’s would be taking a more global approach to its wine business, with more cross-fertilisation of marketing and product development and a global approach to pruning supply chain costs.

New management teams are now in place in the Foster’s Wine Estates North American business, and the Europe and UK divisions.



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WID 2016