By Andy Young

Treasury Wine Estates has announced that Noel Meehan will formally take up the position as the company's new chief financial officer on 1 January 2016.

Meehan will replace Tony Reeves, who has decided to transition out of the role he has occupied for several years.

TWE chief executive Michael Clarke thanked Reeves for his time with the company and also welcomed Meehan. "I am delighted to be able to bring someone with Noel's considerable talents and capabilities into the team at TWE," Clarke said.

"With the acquisition of Diageo's US and UK wine businesses due to be integrated into TWE with effect from 1 January 2016, it is the perfect time for a new CFO to help advance the next stage of the company's growth and development."

Clarke added: "I would like to thank Tony Reeves for his enormous contribution to the business pre and post demerger, and for the personal support and advice he has provided me since joining TWE. I wish him all the very best in his future endeavours."

TWE's board also endorsed the appointment, with chairman Paul Rayner saying: "The board wants to recognise the considerable contribution made by Tony Reeves during his time as CFO, and thank him for all he has done to help make TWE the strong company it is today. 

"I am confident Mr Meehan will help Michael Clarke and his executive team drive the positive transformation of TWE forward."

Meehan brings over 25 years of financial experience to TWE, gained at company's such as Qantas and more recently Orica Limited. He will be based at TWE’s Melbourne headquarters leading the company’s finance and IT functions and will report directly to Clarke.

The Shout Team

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