Treasury Wine Estates has created a new executive role incorporating finance and strategy following the planned departure of its group CFO Max Young. The new, and first, chief financial & strategy officer is Stuart Boxer.
Young joined TWE in 2014, and was Group CFO since 2018. He is staying on with the company until 12 January 2024.
Boxer joined the company in 2020 as chief Strategy and Corporate Development officer. The role was responsible for strategic business planning, driving priority growth, transformation and improvement projects, the commercial investment strategy and M&A.
Prior to TWE, Boxer was CFO and executive GM Strategy at DuluxGroup from 2008 to 2019. Before that he was CFO at Southern Cross Broadcasting.
With the expanded role, current Penfolds CFO Justin Pipito has been appointed deputy CFO.
TWE CEO Tim Ford said Young had made an outstanding contribution to the company.
“Matt has played a pivotal role in leading substantial change and strengthening our business. Stuart’s deep CFO experience and strong track record inside TWE means we are well placed to continue this momentum,” Ford said.
