Treasury Wine Estates has announced the retirement of Stuart Boxer as Chief Financial and Strategy Officer.
TWE said it will undertake a comprehensive internal and external search for a successor, with Boxer committed to seeing through the appointment and ensuring an orderly transition.
Boxer joined TWE in 2020 as Chief Strategy and Corporate Development Officer, before his appointment to the Chief Financial and Strategy Officer role in November 2023.
Chief Executive Officer Sam Fischer said: “I’d like to take this opportunity to thank Stuart for his service over the past six years, and in particular for his help in ensuring my smooth transition into the business.
“I look forward to Stuart’s continued contribution over the coming months as we drive our focus on execution and shaping the future of the business through the TWE Ascent program.”
TWE announced in its 2026 interim results on 16 February that the Ascent program, which is focused on driving transformation to create a stronger business with a focus on delivering attractive returns and cash generation, is progressing well, with high confidence of cost saving and asset realisation benefits.
The program is focused on operating cost optimisation: targeting $100 million per annum in cost improvement, with initial benefits commencing in FY27 and full realisation across a two to three-year period, delivered through benchmarked performance and maximised use of data and automation.
The specific plans and targets of TWE Ascent will be disclosed to the market as part of the company’s planned investor day on 4 June 2026.
TWE scrapped dividends following a $649 million loss for the first half of FY26.
Stuart Boxer’s last day with TWE will be 30 September 2026.