News Briefs for July 20, 2012July 20, 2012
•Treasury Wine Estates has named non-executive director Paul Rayner as chairman of the board. He will replace Max Ould, who announced he would step down from the position at the company’s annual general meeting last October. The company also appointed three new non-executive directors—Ed Chan, currently vice chairman of Charoen Pokphand Group and former president and chief executive of Wal-Mart China; Michael Cheek, a former chairman of Finlandia Vodka Worldwide for Brown-Forman and non-executive director for Glenmorangie; and Garry Hounsell, currently chairman of PanAust Limited and also a director of several companies such as Qantas Airways Ltd. All appointments are effective September 1.
•Former NFL player Keyshawn Johnson has launched a new wine, KJ1 by Keyshawn Johnson, in partnership with R.C. Mills, a Los Angeles-based wine business veteran. The first wine to be released from Johnson & Mills LLC is the 2007 KJ1 by Keyshawn Johnson Cabernet Sauvignon from northeast Oregon, priced at $125 a 750-ml. Only 112 six-bottle cases of the wine have been produced. The wines will hit the market on September 15. The wine will be sold direct-to-consumer where available and at a high-end retail shop in Los Angeles.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.