Top wine company Treasury Wine Estates seeks upgrade

Jul 20, 2012

(HeraldSun) - CHANGE has continued at the top of the world's largest exchange-listed wine company Treasury Wine Estates as it seeks to upgrade its business on three continents. The company today announced that Paul Rayner will take over as non-executive chairman from Max Ould in September, with another three new non-executive directors - one from Hong Kong, another from the US and one from Australia. Mr Rayner's appointment for Mr Ould, who is retiring from the board, emphasises the fresh approach taken to marketing and recapturing market share as TWE continues to evolve as an independent operation after its long and unhappy marriage to Foster's ended in May 2011, prior to the brewers takeover by SAB Miller.

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