Significant changes in the Company’s Executive Leadership: Recently, Treasury Wine Estates Ltd (ASX: TWE) has announced meaningful changes to several roles and responsibilities within the Company’s Executive Leadership Team to drive the next phase of growth. Robert Foye, currently President & Managing Director Asia and Europe, will assume the role of President, North America & LATAM, effective 1 January 2018. In addition to his new role in the United States, Mr. Foye will also assume the role of Chief Operating Officer. Mr. Foye will now work closely with TWE Chief Executive Officer, Michael Clarke to oversee all major operating units across the global business. Bob Spooner will then return to Melbourne, Australia with TWE and delay his retirement to assume the role of General Manager, Global Strategic Initiatives, Systems and Processes, reporting directly to Mr. Clarke. Tim Ford, TWE’s current Director, Global Supply Chain & Industry Affairs will add oversight of Europe, South East Asia, Middle East & Africa to his responsibilities. Peter Dixon will continue in the role of Managing Director, North Asia and Global Travel Retail with a dual report to Mr. Clarke and Mr. Foye. The stock has moved up 17.5% over the last six months and 32.1% over the past one year and currently trading at elevated levels.
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