Sharechat Logo

New blood for wine

By Naomi Mahon

Thursday 17th April 2003

Text too small?
Villa Maria founder and managing director George Fistonich is on the hunt for a chief executive to bring "new blood" to the wine company's operations.

Once the position has been filled Mr Fistonich will become executive chairman, with chairman Ian Montgomerie becoming deputy chairman.

Advertised locally and internationally, the CEO role involves overseeing the
management of vineyards, viticulture, winemaking, production, sales, restaurant, administration and financial operations.

Mr Fistonich said since the company had expanded he thought he was better suited to an executive chairman's role.

"It's a positive move and will give me more time to sit back and think.

He said the appointment was "in the long-term interest of the company" and would allow him to focus on beefing up exports and managing Villa Maria's individual projects including the new winery and head office site on the Ihumatao Peninsula in Mangere, Auckland. Work began on the $30 million winery in 2001 and the first stage of the project should be completed in April 2004.

Mr Fistonich plans to develop the site into a major Auckland tourist attraction, with stores, a restaurant, five-star accommodation and a terraced concert area for up to 8000 people.

An upgrade of the Esk Valley Winery in Hawke's Bay is also on the agenda, as well as stage three of Villa Maria's $7.5 million state-of-the-art Marlborough winery.

Established in 1961, Villa Maria has grown to become one of the country's major exporters.

Winning a swag of awards, it was also the world's largest wine company to adopt screw caps across all its wines, a move designed to improve quality by eliminating cork taint and the oxidation of wine.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

The customer is always right
The modern era of globalisation is in danger
SeaDragon delisting announcement
Kiwi Property reports 2020 financial results
Plexure powers ahead with record revenue growth and profit
Metlifecare substantial shareholders support court action to enforce sia
Fonterra provides performance and milk price updates
Millions of Newly Jobless in China Pose a Looming Threat to Xi
Strong seasons set up venison industry to weather Covid-19 storm - industry analyst
Soaring Silver Attracts Investors

IRG See IRG research reports