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9/05/2017

Treasury Wine Estates reshapes leadership team

Treasury Wine Estates has flagged senior management transition as it looks to drive the next phase of growth. Robert Foye, currently President and Managing Director Asia and Europe, will assume the role of President of the Americas at the end of this year (which from July will be reported as one region, but has previously been North America and Latin America).

In addition to his new role in the United States, Foye will also assume the role of chief operating officer and will work closely with Michael Clarke, the chief executive officer, to oversee all major operating units across the global business.

Foye will take on responsibility for the North Americas region from Bob Spooner, whose two-year assignment in the US will be successfully completed in December.

Bob Spooner will return to Melbourne, delaying his retirement to take up the role of General Manager of Global Strategic Initiatives, Systems and Processes, reporting directly to Clarke.

Across the next few months Foye and Spooner will work closely on a transition plan.

Tim Ford, TWE’s current Director, Global Supply Chain & Industry Affairs will add oversight of Europe, South East Asia, Middle East & Africa to his responsibilities. With the successful optimisation and regionalisation of TWE’s Supply function, Tim Ford will assume this role immediately.

Peter Dixon will continue in the role of Managing Director, North Asia and Global Travel Retail reporting to Clarke and Foye.

Angus McPherson will continue in his role as Managing Director, Australia and New Zealand.

“I am delighted with today’s announcement,” Clarke said. “These leadership changes demonstrate the flexibility and depth of TWE’s global talent pool at the executive leadership level, and will further strengthen the Company’s ability to deliver continued financial outperformance and value creation for shareholders.”

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WID 2017