Australian Vintage chief executive Neil McGuigan has resigned and he will step down after the company’s AGM on November 20, 2019.
McGuigan joined the family business as general manager for wine supply in 2004 and he took on the top job in 2010.
He will continue to work for the Hunter Valley-based firm on a part-time basis, spending 10 weeks each year consulting for the winemaking team and serving as a global ambassador.
Craig Garvin, former chief executive at the Parmalat Australia dairy business and managing director at Star City Casino for Tabcorp, will replace McGuigan as chief executive.
“I’m excited to build on Neil’s successful transformation of this company and to support the existing strategies into outcomes that generate long-term profitable growth for the company and our shareholders,” he said.
McGuigan has become the third largest brand in the UK off-trade in the past year, behind only Hardys and Barefoot (Nielsen). Former Sainsbury’s buyer Julian Dyer heads up the UK team.
Australian Vintage chairman Richard Davis said: “Craig has built strong, diverse teams with a focus on collaborative cultural creation. I have no doubt that he will continue the great work that Neil did in inspiring and leading the tremendous talent that we have.
“Neil has a great passion for the wine industry and has done a tremendous job as chief executive of this company. During his time as chief executive he has transformed it into a well respected branded wine company with a clear focus on developing world leading quality wine. We thank him for all his efforts.”
McGuigan added: “I have thoroughly enjoyed my time as chief executive, working with our talented team to create fantastic brands that are enjoyed around the globe. Being able to continue contributing to the company in the future, building on what my brother Brian started when he established the business in 1992, is very gratifying.”
Brian and Fay McGuigan established McGuigan in 1992, and it has since rebranded as Australian Vintage. Brian McGuigan was the company’s first managing director and chief executive, but he resigned from the board a few years ago.