Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Treasury Wine Estates Ltd    TWE   AU000000TWE9

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Treasury Wine Estates Ltd : TWE to simplify operating model and management structure

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/26/2013 | 11:36pm CEST

Treasury Wine Estates announced today an important restructure to its executive leadership team in order to drive improved operational effectiveness, faster decision-making, greater global brand alignment and sharper commercial execution.

Speaking on the restructure TWE Chief Executive Warwick Every-Burns said:

"As a result of the changes announced today TWE will have a much simpler and more effective structure. As Chief Executive I now have seven direct reports compared to the previous thirteen; with each person on my new leadership team having clear responsibility and accountability for a distinct function or geographic region.

In the past, TWE's executive team included the leaders of five Brand Business Units and four Regional Business Units; under our new structure these nine roles will be condensed to three, with one Chief Marketing Officer and two Regional Chief Commercial Officers".

In summary, the main organisational changes are:

The establishment of a new Global Marketing function bringing together all brands and marketing teams under one unified management structure. To lead this new function Simon Marton has been appointed as Chief Marketing Officer; and by placing TWE's established Penfolds, Rosemount, Lindeman's, Wolf Blass and Beringer brand teams under Simon's leadership TWE will continue to build iconic brands whilst delivering improved coordination and effectiveness across the Company's entire brand portfolio.

The delivery of TWE's commercial strategies around the world will be led by two Regional Chief Commercial Officers: Sandra LeDrew will head-up the Americas, and Andrew Carter APAC/EMEA (Asia Pacific/Europe, Middle East & Africa). In these roles Sandra and Andrew will lead in-market execution supported by teams across all key functions. With a greater focus on global alignment, local execution and accountability, TWE will be able to make better and faster decisions at a country level, providing an improved service to all of the Company's customers.

Most of those who were previously on TWE's executive leadership team will be staying with the business in key roles; however Chris Flaherty and Anthony Davie will be leaving the Company as a result of these changes. TWE recognises the significant contribution that they have both made to TWE and the Company wishes them every future success.

TWE is confident that these changes will help the Company win in the important Americas region; and that the crucial Asia Pacific and EMEA regions will continue to be a focus of growth and profitability, with dedicated and senior leadership in each key market.

For more information, download the ASX Release (PDF, 54 KB)

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TREASURY WINE ESTATES LTD
09/22 TREASURY WINE ESTATES : Appendix 3E Daily Share Buy-Back Notice 22 September 201..
09/20 TREASURY WINE ESTATES : Appendix 3E Daily Share Buy-Back Notice 20 September 201..
09/19 TREASURY WINE ESTATES : Her life in Creston started with wine grapes. Now she's ..
09/18 TREASURY WINE ESTATES : Appendix 3Y Change in Directors Interest Notice 14 Septe..
09/18 TREASURY WINE ESTATES : Appendix 3E Daily Share Buy-Back Notice 18 September 201..
09/18 TREASURY WINE ESTATES : Appendix 3E Daily Share Buy-Back Notice 15 September 201..
09/14 TREASURY WINE ESTATES : Notice of Annual General Meeting 14 September 2017
09/12 TREASURY WINE ESTATES : Appendix 3E Daily Share Buy-Back Notice 11 September 201..
09/08 TREASURY WINE ESTATES : Update on Management Share Trading
09/08 TREASURY WINE ESTATES : Appendix 3E Daily Share Buy-Back Notice 8 September 2017
More news
News from SeekingAlpha
03/10 Treasury Wine Estates (TSRYF) Investor Presentation - Slideshow
02/14 Treasury Wine Estates Ltd. ADR 2017 Q2 - Results - Earnings Call Slides
02/14 Treasury Wine Estates reports 1H results
02/14 Treasury Wine Estates' (TSRYY) CEO Michael Clarke on 2017 Interim Results - E..
02/13 Treasury Wine Estates Ltd. ADR 2017 Q2 - Results - Earnings Call Slides
Financials ( AUD)
Sales 2018 2 615 M
EBIT 2018 520 M
Net income 2018 341 M
Debt 2018 462 M
Yield 2018 2,24%
P/E ratio 2018 30,17
P/E ratio 2019 24,31
EV / Sales 2018 4,13x
EV / Sales 2019 3,73x
Capitalization 10 341 M
Chart TREASURY WINE ESTATES LTD
Duration : Period :
Treasury Wine Estates Ltd Technical Analysis Chart | TWE | AU000000TWE9 | 4-Traders
Technical analysis trends TREASURY WINE ESTATES LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 13,4  AUD
Spread / Average Target -4,2%
EPS Revisions
Managers
NameTitle
Michael A. Clarke Chief Executive Officer, Director & MD
Paul Ashley Rayner Chairman
Robert Foye Chief Operating Officer
Gunther Burghardt Chief Financial Officer
Margaret Lyndsey Cattermole Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
TREASURY WINE ESTATES LTD31.18%8 233
CONSTELLATION BRANDS, INC.31.12%39 416
WULIANGYE YIBIN CO., LTD.--.--%32 304
JIANGSU YANGHE BREWERY JSC LTD.--.--%22 144
LUZHOU LAOJIAO CO LTD--.--%12 367
LT GROUP INC--.--%3 698