John Haddock, managing director at Champ Private Equity, said: “Troy has performed a very valuable role in the first phase of the Champ III Fund’s ownership and we wish him well in his future endeavours. He will continue to be engaged to assist the board with the transition to a new CEO.
“Troy’s departure does not signal any fundamental change in strategy. We will be looking for a new leader to drive the execution of the board’s strategies, focusing on customers, increased profitability in established markets and growth in new markets.”
Korn/Ferry International has been appointed to conduct a global search for the new CEO.
Source: Accolade Wines
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