Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Delegat’s founder Delegat to step back from daily operation

Delegat’s founder Jim Delegat to step back from daily operations

By Suze Metherell

April 16 (BusinessDesk) – Jim Delegat, founder of Delegat’s Group, is stepping down from running the winemaker’s daily operations to focus on the company’s strategic direction.

From next month Delegat will take on the role executive chairman, where he will provide strategic direction and monitor performance, the company said in a statement. Graeme Lord will take over as managing director and will be responsible for developing growth plans, building a high performing organisation and executing business plans. Lord has been the general manager of global sales and market for the past six years. Current Delegat’s chairman Robert Wilton will remain on as a director.

“Delegat’s Group has achieved tenfold growth over the last decade and plans significant further growth over the next 10 years,” it said. “The group’s strategic goal is to build a leading global super-premium wine company. These appointments will provide the company with strong leadership to achieve this goal.”

The winemaker pitches its Oyster Bay and Barossa Valley Estate wines as super-premium brands and plans to spend a further $132 million over the next three years to support sales growth, especially in the North American market.

Shares in the winemaker rose 0.9 percent to $3.50 and have declined 7.5 percent this year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>

OECD: NZ Economic Expansion Faces Long Term Challenges

The OECD Economic Survey of New Zealand discusses the gap between the strong short-term outlook and long-term challenges posed by low productivity growth and a changing labour market. More>>

ALSO:

GDP: