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News
Treasury Wine appoints new chairman
Treasury Wine Estates has appointed non-exective director Paul Rayner as chairman and made three other board appointments.
The company has announced that Rayner will take over as non-executive chairman from Max Ould in September, along with another three new non-executive directors – one from Hong Kong, another from the US and one from Australia.
Rayner is joined on the board by Hong Kong-based Ed Chan, a former CEO and president of Wal-Mart China, and Michael Cheek, an American resident with wide experience in the multinational spirits industry.
The appointments are more proof of a fresh approach taken to marketing and recapturing market share by Treasury Wine Estates as it continues to evolve as an independent operation after its association to Foster’s ended in May 2011, prior to the brewers takeover by SAB Miller.