Australia's Treasury Wine drops on CFO’s early exit

Treasury Wine Estates

26/05/2026 05:02

** Treasury Wine Estates shares fall as much as 4.1% to A$4.42, marking their steepest intraday drop since April 23

** Winemaker's stock ranks as the second-worst performer on the consumer staples sub-index, which is down 0.6%

** Co says CFO and strategy chief Stuart Boxer’s retirement has been accelerated, now set for June 30, from the previously slated September 30

** Adds, deputy CFO Justin Pipito will step in as interim CFO and strategy chief from June 1, 2026, as the search for a permanent successor continues

** TWE down 14.5% so far this year, sharply underperforming the AXSJ index’s 0.9% gain

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))