Brief: Vintage Wine Estates Announces Changes In Executive Leadership And Board Structure Executing Business Realignment Plan To Deliver Stronger Earnings Power
08/02/2023 23:35
Feb 8 (Reuters) - Vintage Wine Estates Inc VWE.O :
* VINTAGE WINE ESTATES ANNOUNCES CHANGES IN EXECUTIVE
LEADERSHIP
AND BOARD STRUCTURE; EXECUTING BUSINESS REALIGNMENT PLAN TO
DELIVER STRONGER EARNINGS POWER
* VINTAGE WINE ESTATES INC - DIRECTOR JON MORAMARCO STEPS IN
AS
INTERIM CEO WHILE PAT RONEY TRANSITIONS TO EXECUTIVE CHAIRMAN
* VINTAGE WINE ESTATES - INITIATED BUSINESS SIMPLIFICATION
AND
OPERATIONAL IMPROVEMENT PLAN TO TAKE OUT COSTS, DRIVE REVENUE
* VINTAGE WINE ESTATES INC: PLANS TO MONETIZE ASSETS TO
REDUCE
DEBT AND STRENGTHEN BALANCE SHEET
* VINTAGE WINE ESTATES INC - REALIGNMENT PLAN EXPECTED TO
IMPROVE
PRICING AND REDUCE COSTS BY ABOUT $10 MILLION
* VINTAGE WINE ESTATES INC: EXPECT WE CAN BE ON TRACK AS WE
ENTER
FISCAL 2024 TO RETURNING TO EBITDA GROWTH
Source text for Eikon: ID:nBw4RfG1Na
Further company coverage: VWE.O
((Reuters.Briefs@thomsonreuters.com;))
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