By Deborah Jackson, Editor National Liquor News
Treasury Wine Estates (TWE) has announced a number of changes to its Executive Leadership Team to drive the next phase of growth.
Robert Foye, currently President & Managing Director Asia and Europe, will assume the role of President, North America, effective 1 January 2018.
In addition, Foye will also assume the role of Chief Operating Officer, effective immediately. He will work closely with CEO Michael Clarke to oversee all major operating units across the global business.
Foye will take responsibility for the North Americas region from current President – Americas Bob Spooner, who will return to Melbourne, Australia and assume the role of General Manager, Global Strategic Initiatives, Systems and Processes, reporting directly to Clarke.
Over the coming months Foye and Spooner will work closely together on a transition plan before Foye formally commences his new role, based in Napa, California in January 2018.
Tim Ford, TWE's current Director, Global Supply Chain & Indutry Affairs will add oversight of Europe, South East Asia, Middle East & Africa to his responsibilities. His new duties are effective immediately.
Peter Dixon will continue in the role of Managing Director, North Asia and Global Travel Retail with a dual report to Clarke and Foye.
Angus McPherson will continue on as Managing Director, Australian and New Zealand.
Clarke said: "I am delighted with today's announcement. These leadership changes demonstrate the flexibility and depth of TWE's global talent pool at the executive leadership level, and will further strengthen the Company's ability to deliver continued financial outperformance and value creation for shareholders."
Earlier this year TWE reported strong figures for the first hald of the 2017 financial year, with net profit after tax more than doubled to $136.2m
Speaking at the results announcement Clarke highlighted Asia as TWE’s engine for growth and that the company would now focus on its next challenge of improving performance in the United States.
Clarke revealed that as part of this strategy he would be spending more time in TWE’s Napa Valley office for the rest of the calendar year, “co-locating” between there and the company’s Melbourne headquarters.
“The US is the final of our four regional business models to be shifting from fixing into growth phase and I am looking forward to working with Bob and the team in the Americas, as we continue to strengthen our brand portfolio and business models.”