Vintage Wine Estates Names Rodrigo de Oliveira as Vice President Supply Chain
18 Maggio 2023 - 3:15PM
Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the
“Company”), one of the top wine producers in the U.S. with an
industry leading direct-to-customer platform, today announced the
appointment of Rodrigo de Oliveira as Vice President Supply Chain.
Mr. de Oliveira brings deep domestic and international experience
in operations/supply chain leadership, manufacturing product
development, organizational restructuring, M&A integration,
business turnarounds, and continuous improvements. Much of his
experience has been with consumer products businesses.
Jon Moramarco, Interim Chief Executive Officer commented,
“Rodrigo is an innovative, high-performance, multi-lingual leader
that brings significant know-how in supply chain and logistics
management. These are key areas of focus for VWE to drive
operational efficiencies and cost reductions. We expect that his
breadth of experience in operations and business turnarounds will
be of great value as we work to simplify our product lines and
reduce our production footprint.”
Mr. de Oliveira joined VWE this week from Greenlane Holdings,
Inc., a cannabis accessories and lifestyle products company where
he was the Chief Operating Officer. Prior to that, he was at KushCo
Holdings which merged into Greenlane Holdings, Inc. Previously, he
held various leadership positions in supply chain, logistics and
operations at Nike’s accessories business and Brightstar Corp.
Early in his career, Mr. de Oliveira had held various positions in
operations, supply chain and logistics with Oakley, Inc. and
General Electric in São Paulo, Brazil.
About Vintage Wine Estates:
Vintage Wine Estates is a family of wineries and wines whose
singular focus is producing the best quality wines and incredible
customer experiences with wineries throughout Napa, Sonoma,
California’s Central Coast, Oregon, and Washington State. Since its
founding 20 years ago, the Company has grown to be the 14th largest
wine producer in the U.S., selling more than two million nine-liter
equivalent cases annually. To consistently drive growth, the
Company curates, creates, stewards, and markets its many brands and
services to customers and end consumers via a balanced omni-channel
strategy encompassing direct-to-consumer, wholesale, and exclusive
brands arrangements with national retailers. While VWE is diverse
across price points and varietals with over 60 brands ranging from
$10 to $150 USD at retail, its primary focus is on the fastest
growing luxury segment of the U.S. wine industry with the majority
of brands selling in the range of $10 to $20 per bottle. The
Company regularly posts updates and additional information at
vintagewineestates.com.
Forward-Looking Statements
Some of the statements contained in this press release are
forward-looking statements within the meaning of applicable
securities laws (collectively, “forward-looking statements”).
Forward-looking statements are all statements other than those of
historical fact, and generally may be identified by the use of
words such as “believe,” “expect,” “ “may,” “plan,” “should,”
“will,” or other similar expressions that indicate future events or
trends. These forward-looking statements include, but are not
limited to, statements regarding VWE’s current and future skills,
capabilities, and performance of its management and executive team,
and business plans and strategies. These statements are based on
various assumptions, whether or not identified in this news
release, and on the current expectations of VWE’s management. These
forward-looking statements are not intended to serve as, and should
not be relied on by any investor as, a guarantee of actual
performance or an assurance or definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and may differ materially from those
contained in or implied by such forward-looking statements. These
forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the control of VWE. Factors
that could cause actual results to differ materially from the
results expressed or implied by such forward-looking statements
include, among others: the Company’s limited experience operating
as a public company and its ability to remediate its material
weakness in internal control over financial reporting and to
maintain effective internal control over financial reporting, the
ability of the Company to retain key personnel, the effect of
economic conditions on the industries and markets in which VWE
operates, including financial market conditions, rising inflation,
fluctuations in prices, interest rates and market demand; risks
relating to the uncertainty of projected financial information; the
effects of competition on VWE’s future business; risks related to
the organic and inorganic growth of VWE’s business and the timing
of expected business milestones; the potential adverse effects of
the ongoing COVID-19 pandemic on VWE’s business and the U.S.
economy; declines or unanticipated changes in consumer demand for
VWE’s products; VWE’s ability to adequately source grapes and other
raw materials and any increase in the cost of such materials; the
impact of environmental catastrophe, natural disasters, disease,
pests, weather conditions and inadequate water supply on VWE’s
business; VWE’s level of insurance against catastrophic events and
losses; VWE’s significant reliance on its distribution channels,
including independent distributors; potential reputational harm to
VWE’s brands from internal and external sources; possible decreases
in VWE’s wine quality ratings; integration risks associated with
recent acquisitions; possible litigation relating to misuse or
abuse of alcohol; changes in applicable laws and regulations and
the significant expense to VWE of operating in a highly regulated
industry; VWE’s ability to maintain necessary licenses; VWE’s
ability to protect its trademarks and other intellectual property
rights; risks associated with the Company’s information technology
and ability to maintain and protect personal information; VWE’s
ability to make payments on its indebtedness; and those factors
discussed in the Company’s most recent Annual Report on Form 10-K
and in subsequent Quarterly Reports on Form 10-Q or other reports
filed with the Securities and Exchange Commission. There may be
additional risks including other adjustments that VWE does not
presently know or that VWE currently believes are immaterial that
could also cause actual results to differ from those expressed in
or implied by these forward-looking statements. In addition,
forward-looking statements reflect VWE’s expectations, plans or
forecasts of future events and views as of the date and time of
this news release. VWE undertakes no obligation to update or revise
any forward-looking statements contained herein, except as may be
required by law. Accordingly, undue reliance should not be placed
upon these forward-looking statements.
Contacts:
InvestorsDeborah
K. Pawlowski Kei Advisors LLCdpawlowski@keiadvisors.comPhone:
716.843.3908 |
MediaMary Ann
Vangrinmvangrin@vintagewineestates.com |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/124f82f9-56b8-4ce7-b3ba-496ffd3f3932
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