Foster’s continues to make alterations at the top

Posted by Daniel Palmer on 12th June 2009

Foster’s Group, Australia’s largest brewer, has today announced the appointment of a new leader of the wine division in Australasia.

David Dearie, former Managing Director of global drinks business Brown Forman, will assume the role of Managing Director, Australasian Wine – a role created by the Wine Strategic Review completed in February this year.

“I am delighted to welcome someone of David’s calibre to the executive leadership team” CEO, Ian Johnston, said. “His combination of global drinks industry expertise and wine business understanding uniquely qualify David to lead Foster’s Australasian wine business.”

“David has a proven track record in wine, leading and growing businesses across multiple countries, channels and brands,” Mr Johnston added. “David’s appointment completes the renewal of operational leadership required for the fundamental transformation of our business.”

Mr Dearie will be confronted with the task of turning around their wine operations, which have held back profit growth and been seen as the reason for a lack of a takeover offer despite constant speculation.

He will relocate from the UK to Australia over coming weeks and will commence his role in late July.