Treasury Wines appoints former Aristocrat CFO to board

Treasury Wine Estate has appointed former Aristocrat Leisure chief financial officer Toni Korsanos as an independent non-executive director.

Korsonas will take up the role in April 2020 and will also join the company’s audit and risk committee.

Currently an independent non-executive director of Crown Resorts, Webjet, and Ardent Leisure, Korsonas has over 10 years experience in senior leadership roles at FMCG giants including Goodman Fielder and Kellogg’s.

During her time with Aristocrat, Korsonas led a number of cross-border acquisitions and gained an understanding of the US market and regulatory environment.

“She is a highly respected senior executive with significant financial and commercial experience and will be a very strong addition to the Board,” TWE chairman Paul Rayner said.

In late October, TWE CEO and managing director Michael Clarke announced that he will retire from the position next year, to return to the UK and spend more time with family. Clarke will be replaced by current chief operating officer Tim Ford.

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