(Wine Spectator) - Saskia de Rothschild hopes to build on her father's legacy at Lafite Rothschild and the other wineries in her family company

A once-in-a-generation transition at one of the world's most storied wine companies became official in March, when Saskia de Rothschild became chairman of Domaines Barons de Rothschild (Lafite). Rothschild, 31, is the daughter of Baron Eric de Rothschild, and the first female Rothschild to run Lafite in the 150 years the Rothschild family has owned it. The company has grown substantially in six generations, with most of the expansion led by Baron Eric during his 44-year tenure. 

In a lengthy interview with Wine Spectator, the new chairman made it clear she has no plans to rest on Lafite's laurels. She wants to improve the company's other brands. And she feels Lafite must innovate too if it is going to build a new generation of fans.