Owner Baron Eric de Rothschild, 77, will be stepping down as chairman after 35 years at the helm of Domaines Barons de Rothschild (Lafite).

His daughter, Saskia de Rothschild, is set to take over the role from April 2018, Decanter.com can confirm. She has been co-chairman alongside her father for the past two years and has been involved with the group’s estates since 2008. Château Lafite has been in the family since 1868.

In a second change at DBR (Lafite), the group’s president and CEO, Christophe Salin, 62, will also step down on 31 March 2018 after 33 years in the position.