Treasury Wine Estates (TWE) has announced Stuart Boxer will take over as Chief Financial and Strategy Officer after the planned departure of Matt Young as Group Chief Financial Officer, effective from November 1.
Joining TWE in June 2020, Boxer has served as Chief Strategy and Corporate Development Officer since that time and will combine his existing responsibilities with the new CFO responsibilities.
To support Boxer with his additional duties, Justin Pipito, the current CFO of Penfolds, has been appointed to the role of Deputy CFO, reporting to Boxer.
Tim Ford, Chief Executive Officer at TWE, said Boxer’s depth of experience as a CFO and strong track record within the company places him well to continue on the momentum Young created.
“On behalf of the Board and the Executive Leadership team, I would like to thank Matt for the outstanding contribution that he has made to TWE. In his time with the Company, Matt has played a pivotal role in leading substantial change and strengthening our business,” he said.
Young joined TWE in 2014 and has held the role of Group CFO since 2018. He will remain with TWE until January 12 2024, to enable a smooth transition.