(Decanter) - A year after splitting from Foster's, Treasury Wine Estates' new chairman has confirmed the company’s strategy to focus on upgrading its business in Asia and the United States. Treasury Wine Estates was formed in May 2011 when Foster’s completed the spin-off of its wine division, a move welcomed by at least one of its senior wine executives, Wolf Blass chief winemaker Chris Hatcher, as ‘the best thing that’s happened to us’.