Treasury Wine ousts chief operating officer over internal policy breach
Treasury Wine Estates has announced the sudden departure of chief operating officer Robert Foye following a breach of the winemaker’s internal policies.
Foye, who has been working in the role since May 2017, has left the company “effective immediately”.
Deputy chief operating officer, Tim Ford will take up the vacated role and take responsibility for “oversight of TWE’s operating regions across global business”. Ford will report to chief executive officer Michael Clarke.
The TWE management team said that it is “very happy with the trading performance across all operating regions” and said that the results for the first quarter will reflect a performance “above consensus”, within the range of A$335m to A$340m.
The company will announce its interim results for fiscal 2019 on February 14.