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Accolade Wines CEO Michael East retires
Published:  04 April, 2017

Accolade Wines CEO Michael East has retired following a decision to withdraw the company from an initial public offering process.

Chairman Jim Anderson has been appointed executive chairman to continue Acolade’s quest to acquire a portfolio of premium wines from Fine Wine Partners, plan the construction of a bottling line in South Australia and improve distribution and sales in China.

East said: “I had always intended to retire at the beginning of 2019 and I believe it is the right thing to do so now in view of the longer time scale for an eventual IPO.”

Anderson added: “I want to thank Michael for taking on the CEO role at short notice last year and recognise his distinguished professionalism at Accolade.

“Michael has made a major contribution to Accolade through his leadership of the Australia and New Zealand business over the last five years. The Board wishes him well in his future retirement.”