Treasury slides on CEO exit

Winemaker's board resolves to look for CEO with 'stronger operational focus' after US writedowns, stocks fall more than 5%.

Treasury Wine Estates (TWE) chief executive officer David Dearie will depart the group effective immediately, following a review by the group's board that determined it was in need of a more ambitious leader.

At 1048 AEST Treasury shares were 5.89% lower at $4.47, against a benchmark index decline of 0.9%.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles