Wine business, Australian Vintage, has reappointed Craig Garvin as chief executive officer, after he was dismissed in May for conduct the board said, “displayed a lack of judgement and was inconsistent with the values of the company and the high standards expected of its CEO”.
Since his dismissal, the board has changed entirely, with new members Margaret Zabel, James Williamson, Elaine Teh, and Michael Byrne joining throughout July and August.
Williamson is the new chairman, and said the appointment followed an external search that considered a number of exceptional candidates.
“After a thorough review of the circumstances and processes surrounding his departure from Australian Vintage in May, the board felt it was important for Craig to be involved in the search process,” said Williamson.
“Craig’s track record at AVG, his leadership style and deep understanding of our industry and our partners make him the right person to lead the company. He is a respected and well-liked leader who successfully led the change at AVG in a challenging environment. This included the development and implementation of the company’s five-year strategic plan, which transformed
the company into a consumer-led business with a commitment to innovation.
“His appointment, after a difficult period for the company, highlights the Board’s laser-like focus on restoring shareholder value. Craig’s appointment positions us to strengthen the company and take advantage of opportunities in Australia and international markets,” he said.
Garvin was CEO of Australian Vintage from November 2019 to May 2024. The reinstatement will be effective 14 October.
Chair of the board’s People, Remuneration and Nomination Committee, Zabel, said Garvin has demonstrated his ability to create an effective high-performing team, build a strong culture, and develop enduring relationships with customers and other stakeholders.
“He is the right person to take Australian Vintage forward, and we are looking forward to working with him to create value for our shareholders to deliver great wine brands to our customers,” she said.
