By Ian Neubauer
Foster’s Group announced yesterday (Apr 23) its chief strategy officer David Bortolussi has resigned.
Bortolussi joined Foster’s in 2004 and was appointed to the executive management team in 2006 – the same year it acquired California’s Beringer wine label for a price Foster’s now admits was much too high.
Bortolussi’s resignation coincides with the divestment of Foster’s wine assets in Australia and the US following a draw-out strategic review to deal with its lackluster performance in the category and multi-million dollar write downs.
However, Foster’s CEO Ian Johnston indicated Bortolussi’s departure was unrelated to the upheavals the multi-beverage company faces today.
“I would like to personally thank David for his contribution to reshaping Foster’s strategy and performance improvement agenda, and wish him well in his new role," Johnston said.
Bortolussi will be taking on the position of chief financial and operating officer at Pacific Brands.