Coo Of Australia's Treasury Wine Estates Ousted

Posted: Jan 22, 2019

Australia-based winemaker and distributor Treasury Wine Estates TWE, +0.00% announced Monday that Chief Operating Officer Robert Foye has left the company. In a statement, the company said Foye left "due to a breach of TWE's internal policies unrelated to the company's trading performance." Deputy COO Tim Ford will replace him, the company said, reporting to CEO Michael Clarke. Treasury Wine Estates has a market cap of around $11 billion, and includes popular global wine brands such as Lindeman's, Beringer, Stag's Leap and Sterling Vineyards.

By Mike Murphy
January 22, 2019
Source: Marketwatch.com

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