International wine expert Neil McGuigan has announced that he will step down from his role as chief executive of Australian Vintage in November, with former Parmalat Australia boss Craig Garvin to take the reins.
McGuigan revealed his intentions to step down as CEO of the Australian wine company “some time ago”, with the Board since working on a replacement for the four-time International Winemaker of the Year. He plans to remain as a technical advisor to the company.
Australian Vintage, which owns Tempus Two and McGuigan wines, announced that Craig Garvin will take up the CEO role from November 20. He will earn $700,000 in fixed remuneration.
Garvin left dairy manufacturer Parmalat Australia in February after nine years in the top job. Prior to that, he also held senior executive positions at Campbell Arnott’s, Lion Nathan and Star City Casino.
Garvin said he is excited to build on Neil’s “successful transformation” of the company and “to support existing strategies into outcomes that build long term profitable growth for the company”.
Richard Davis, chairman of Australian Vintage thanked McGuigan for doing a “tremendous job” as CEO and said he expects Garvin to continue his great work.