New CEO for Treasury

20th February, 2014 by Rupert Millar

Michael Clarke has been named as the new CEO and managing director of Treasury Wine Estates.

MICHAEL_CLARKE_TWE_smClarke (pictured) takes over from David Dearie who left the company in September 2013 following reports of serious losses in Treasury’s US business.

He will take over fully from interim chairman Warwick Every-Burns on 31 March.

Clarke joins from outside the drinks trade but has over 20 years experience in senior positions at consumer goods companies, including a tenure as president of Kraft Foods Europe and 12 years at Coca Cola where he was a senior executive in the Northwest Europe & Nordics business unit.

He also led Coca Cola’s South Pacific & Korea business for five years during which time he was based in Sydney.

Treasury chairman, Paul Rayner, said: “Our recruitment process generated significant interest internationally and we were privileged to have an excellent short list of candidates for this role. Mike was chosen because of his strong balance of strategic and operational skills, and his truly global perspective.”

Clarke added: “I’m incredibly excited to have been given the opportunity to return to Australia and lead Treasury Wine Estates and its portfolio of truly iconic wine brands.

“I recognise that TWE, like most companies, has its challenges but I believe the opportunities are immense, and I look forward to working with my colleagues across the business to ensure that these are fully realised”.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

New Business Development Manager Nordic

Concha Y Toro
Stockholm, Sweden

Experienced Administrator

The Drinks Business
Central London, UK

Sales Executive (London – Craft Spirits)

Bimber Distillery
London, UK

2 x Buying Assistants

Berry Bros. & Rudd
Battersea and Basingstoke, UK

Temporary Christmas Sales Support - Wines & Spirits

Harrods
Knighsbridge, London, UK

Head of Wholesale

Hispamerchants Ltd
London, UK

Sales Manager

Hispamerchants Ltd
London, UK

The World Bulk Wine Exhibition

Amsterdam,Netherlands
20th Nov 2017

The Drinks Business Green Awards 2017

London,United Kingdom
20th Nov 2017

The Global Spirits Masters Lunch

London,United Kingdom
1st Dec 2017
Click to view more

Green Awards 2017

Deadline : 25th October 2017

The Global Riesling Masters 2017

Deadline : 30th October 2017

Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more