Alex Ryan Retires as CEO of The Duckhorn Portfolio, Inc.
28 9월 2023 - 5:05AM
Business Wire
Board Appoints Industry Veteran Deirdre
Mahlan Interim CEO, Initiates Search for New Leader
The Duckhorn Portfolio, Inc. (“Duckhorn,” NYSE: NAPA) today
announced that Alex Ryan is retiring from his role as President,
Chief Executive Officer and Chairman of the company. The Duckhorn
Board of Directors has appointed Deirdre Mahlan, a veteran of the
alcohol and beverage industry, as interim President, Chief
Executive Officer and Chairperson, and has initiated a search for a
new leader.
“Alex dedicated his professional life to growing our business,
and he has now decided to step away to focus on family and personal
matters, and offered to be available to the company to ensure a
smooth transition,” said Duckhorn independent director, Michelle
Gloeckler, who will chair the CEO search committee. “We are
grateful for Alex’s 35 years of dedicated service to the company
and wish him the very best. At the same time, we’re committed to
finding a leader who has the skills and vision to keep Duckhorn on
its successful trajectory as North America’s premier luxury wine
company. The success of The Duckhorn Portfolio has always been the
result of the collaborative efforts of our amazing team and our
unwavering commitment to producing the highest quality wines.
Through her experience as a member of our Board, Deirdre
understands and embraces these values. She is also a strong leader
and an innovative strategic thinker with extensive industry
expertise, and a broad skill set that includes analytics,
financials, strategy and planning.”
Mahlan, who has been a member of the Board since 2021, spent
nearly 20 years in leadership at Diageo, including serving as CEO
for Diageo North America between 2015 and 2020. She previously
served as Diageo’s Chief Financial Officer, Deputy Chief Financial
Officer and Head of Tax and Treasury. Mahlan is supported by a
veteran Duckhorn leadership team that boasts more than 60 years
combined experience with the company.
“Having worked closely with the incredible team at The Duckhorn
Portfolio while serving on its Board for the past nearly three
years, I am excited to be appointed interim President, Chief
Executive Officer and Chairperson. I am committed to continuing to
build on Duckhorn’s track record of industry leadership as well as
the tradition of excellence that the company is known for,” Mahlan
said. “Together, we’re focused on ensuring our valued customers
continue to enjoy Duckhorn Portfolio wines as we move the company
forward under new leadership.”
Gloeckler said: “The Board and Duckhorn’s leadership team are
excited to have Deirdre Mahlan as our interim President, Chief
Executive Officer and Chairperson. We’ve worked closely with her
since she joined the Board nearly three years ago, and value the
contributions she’s made to the company in that time, as well as
her strong background in our industry.”
About The Duckhorn Portfolio, Inc. The Duckhorn Portfolio
is North America’s premier luxury wine company, with ten wineries,
nine state-of-the-art winemaking facilities, seven tasting rooms
and over 1,100 coveted acres of vineyards spanning 32 Estate
properties. Established in 1976, when vintners Dan and Margaret
Duckhorn founded Napa Valley’s Duckhorn Vineyards, today, our
portfolio features some of North America’s most revered wineries,
including Duckhorn Vineyards, Decoy, Paraduxx, Goldeneye,
Migration, Canvasback, Calera, Kosta Browne, Greenwing and
Postmark. Sourcing grapes from our own Estate properties and fine
growers in Napa Valley, Sonoma County, Anderson Valley,
California’s North and Central coasts, Oregon and Washington State,
we offer a curated and comprehensive portfolio of acclaimed luxury
wines with price points ranging from $20 to $200 across more than
15 varieties and 39 appellations. Our wines are available
throughout the United States, on five continents, and in more than
50 countries around the world. To learn more, visit us at:
https://www.duckhornportfolio.com/. Investors can access
information on our investor relations website at:
https://ir.duckhorn.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230927797526/en/
Investor Contact ICR, Inc. ir@duckhorn.com 707-302-2635
Media Contact Jessica Liddell, ICR DuckhornPR@icrinc.com
203-682-8200
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