Ste. Michelle Wine Estates has named David Richardson as CEO, its second chief government appointment in 4 months.
Richardson succeeds David Bowman, who had been appointed CEO in January, a month after the Wyckoff household acquired Ste. Michelle Wine Estates’ operations in Washington state from Sycamore Companions. The deal noticed the private-equity agency maintain Ste. Michelle Wine Estates’ property in Oregon.
When the transaction was introduced in December, Bowman – then Ste. Michelle Wines Estates’ chief business officer – and Anna Mosier, the group’s CFO and chief supply-chain officer, had been set out because the co-CEOs of the brand new Washington enterprise.
Bowman was then subsequently named CEO, with Mosier appointed president and CFO.
Bowman’s LinkedIn profile says he labored as Ste. Michelle CEO till March and “led the corporate’s transition to non-public possession” after 4 years beneath private-equity agency Sycamore.
Alongside the information of the brand new CEO, long-time government Dan Heller has been named chief business officer and Court docket Wyckoff’s government chairman of the board.
Ste. Michelle stated the appointments underscore its “long-term succession planning and its dedication to deepening government bench power whereas driving efficiency beneath native possession”.
Manufacturers within the Ste. Michelle Wine Estates steady embody Chateau Ste. Michelle, 14 Palms, Columbia Crest, Liquid Mild, Estival, Ethos, Spring Valley Winery, and Northstar.
Sycamore Companions acquired Ste. Michelle Wine Estates from Altria Group in 2021.
The private-equity agency has retained the corporate’s Oregon holdings A to Z, Erath and Rex Hill. Amy Prosenjak continues to steer that enterprise.
Established in 1950 in Washington state, the third-generation Wyckoff household enterprise produces “premium” wine grapes, customized wines, and different agricultural merchandise throughout Washington, Idaho, and Oregon, Ste. Michelle Wine Estates stated in December.
“Ste. Michelle Wine Estates names second CEO in 4 months” was initially created and printed by Simply Drinks, a GlobalData owned model.
The data on this web site has been included in good religion for common informational functions solely. It’s not supposed to quantity to recommendation on which it is best to rely, and we give no illustration, guarantee or assure, whether or not specific or implied as to its accuracy or completeness. You should receive skilled or specialist recommendation earlier than taking, or refraining from, any motion on the idea of the content material on our web site.