Australia's Treasury Wine Estates names Justin Pipito as CFO (updated)

Treasury Wine Estates

30/09/2026 24:04

Updates with details and context
Sept 30 (Reuters) - Australian winemaker Treasury Wine Estates TWE.AX on Wednesday appointed Justin Pipito as its group finance chief, effective October 1, after serving as interim chief financial and strategy officer since June.

Here are some more details: 
Pipito, who has held the interim role since June 1, was appointed on a permanent basis following an internal and external search process, the company said.
The Penfolds owner accelerated the retirement of former CFO and strategy chief Stuart Boxer earlier this year, bringing forward his departure to June 30 from September 30.
Pipito joined Treasury Wine in 2016 as CFO for Australia and New Zealand and has since served as finance chief for Asia and luxury brand Penfolds, and deputy CFO.
In its annual results in August, Australia's largest standalone wine producer said it expected revenue growth at Penfolds to offset the impact of distributor inventory rebalancing in the US and declines in non-priority brands.

 (Reporting by Roshan Thomas in Bengaluru; Editing by Maju Samuel)
 ((Roshan.Thomas@thomsonreuters.com;))