Crimson Wine CEO Martin Departs, COO DeLong To Lead Company On Interim BasisNovember 5, 2014
California’s Crimson Wine Group is on the hunt for a new permanent president and CEO, as the company revealed in a regulatory filing that former chief executive Erle Martin has left the group, effective this past Monday. Pat DeLong, who joined Crimson in 2007 as CFO and COO, will fill the president and CEO role on an interim basis. Martin had also been with Crimson since 2007, prior to which he helmed Francis Ford Coppola’s wine business as well as Young’s Market Co.’s California fine wine unit, among other industry positions.
Crimson, whose portfolio includes California’s Seghesio, Pine Ridge and Chamisal, as well as Oregon’s Archery Summit and Washington’s Double Canyon, was spun off from New York investment group Leucadia National in early 2013 and now trades as a stand-alone company. For the six months through June, Crimson posted net sales up 1.2% to $28 million, as net income rose 46% to $3.2 million.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : Archery Summit, Chamisal, Crimson Wine Group, Double Canyon, Francis Ford Coppola, Leucadia National, Seghesio Pine Ridge, Young's Market Company
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