Chapel Down, the UK’s largest wine producer, is experiencing some shifts in its leadership team.
- James Pennefather, previously the CEO of The Lakes Distillery, has been appointed as the new CEO, bringing 25 years of industry experience.
- The former CEO, Andrew Carter, resigned to join Timothy Taylor brewery, marking a strategic move in his career.
- The company’s chief finance director, Robert Smith, will be stepping down in April, with recruitment for his successor underway.
- These changes occur as Chapel Down navigates challenges following a difficult harvest season.
Chapel Down, the leading English winemaker, is undergoing significant leadership changes. James Pennefather, with over two decades of experience in the premium drinks industry, has been appointed as the new CEO. Previously at the helm of The Lakes Distillery, Pennefather successfully led the company’s acquisition by The Nyetimber Group earlier this year. His past roles also include senior positions at notable companies such as William Grant & Sons and Diageo, emphasizing his substantial expertise.
Andrew Carter’s departure from Chapel Down marks another notable change. Carter, who resigned in September, is set to take over as CEO at Timothy Taylor brewery. His departure signals a strategic shift and an opportunity for new leadership under Pennefather, who is anticipated to drive the next stage of growth for Chapel Down.
The resignation of Robert Smith, Chapel Down’s chief finance director, adds to the leadership transition. Smith, who joined only two years ago, will step down in April. The company has announced that recruitment for his successor will begin soon, indicating an ongoing commitment to strengthening its financial leadership team.
These leadership adjustments come at a crucial time for Chapel Down, as they had previously announced the shelving of a sale and a revised sales outlook due to recent harvest challenges. This economic tension was reflected in their share price fluctuations, highlighting the importance of strategic leadership during this period. Martin Glenn, the company’s chairman, fully supports Pennefather’s appointment, citing his impressive track record in the industry as vital for the continued growth and development of the brand.
These leadership changes at Chapel Down signal a pivotal moment for the company as it seeks to overcome recent challenges and pursue future growth.
