Home Industry News Releases C. Mondavi & Family Announces Changes to Board of Directors

C. Mondavi & Family Announces Changes to Board of Directors

38
0
Advertisement

Changes Designed to Grow Family-Owned Business for Future Generations

C Mondavi FamilyNapa, Calif., Nov. 9, 2015 – C. Mondavi & Family, a 72-year-old family-owned wine company, has made significant changes to its Fiduciary Board of Directors. Scott Thomas has been named chairman and four members have been added.

“Since my parents purchased the historic Charles Krug Winery in 1943, we’ve maintained a steadfast commitment to operate as a family business. When we make decisions, we consider the impact on future generations. That was the impetus for the changes to the fiduciary board – to ensure our viability for generations to come,” said Peter Mondavi Sr. who turned 101 Nov. 8.

The changes and additions are as follows:

  • Peter Mondavi Sr. has moved from chairman to chairman emeritus.
  • Scott Thomas has been named chairman. A veteran attorney specializing in trusts, estates and wine law, Thomas has been a long-time legal representative for C. Mondavi & Family.
  • Marc Mondavi, the son of Peter Mondavi Sr. and co-proprietor of C. Mondavi & Family, will continue to serve on the board.
  • Peter Mondavi Jr., the son of Peter Mondavi Sr. and co-proprietor of C. Mondavi & Family, will also continue to serve on the board.
  • John Bell has been named a new independent director. The author of Do Less Better: The Power of Strategic Sacrifice in a Complex World, former packaged goods CEO of Jacobs Suchard North America and strategy consultant to some of the world’s most respected food and beverage organizations, he has served as a board director and counseled several family-owned companies.
  • Pascal Levensohn is a new independent director. Levensohn is an expert in the field of finance, family business and board leadership. He has been both the managing partner of Levensohn Venture Partners, an investment advisory group, and the CEO of Generation Strategic Advisors, since 1996.
  • Linda Graebner is a new independent director. She is an entrepreneur and CEO who has led and grown multiple consumer products companies.  Additionally, she has served on boards of directors for food, beverage, personal care and household products companies. Graebner brings deep experience overseeing marketing divisions for large consumer products companies, including Dole Food Company and Crown Zellerbach.
  • Wendy Lane Stevens has been named a new independent director. The founder of LANE, a national public relations agency based in Portland and New York, Lane Stevens brings deep expertise in marketing and public relations for national wine brands.

“The Mondavi family is recognized as one of the oldest wine families in Napa Valley and with that comes deep respect for what the family has accomplished,” said Scott Thomas, chairman of the board. “The family has assembled an impressive board of top-notch professionals to help ensure a robust future for the company; it’s an honor to be appointed chairman. Together we look forward to working to ensure C. Mondavi & Family’s place in history as a successful, multi-generational family-owned business.”

Brothers Marc Mondavi and Peter Mondavi Jr. commented in a joint statement, “This historic move solidifies our commitment to our family business. Our multi-generational approach to growth has served us well for four generations and it is our intention to ensure that future generations are well equipped to continue this tradition. This talented board is a significant strategic decision to make our intentions a reality.”

With this announcement Mike Jaeger, who joined the company in 2011, is named president and CEO.

About C. Mondavi & Family

Mondavi & Family is a St. Helena based wine company founded in 1943 by Cesare and Rosa Mondavi. Marc Mondavi and Peter Mondavi Jr. sit on the newly formed board of directors, with Peter Mondavi Sr. acting as chairman emeritus. With Mike Jaeger as president and CEO, C. Mondavi & Family produces wines under the following brands: Charles Krug, CK Mondavi and The Divining Rod. The company has been owned and operated by the family for four generations.

Advertisement
Previous articleWine Industry Has Yet to Embrace Full Potential of Social Media Marketing
Next articleHALL Raises $6100 for Napa Humane with Harvest Hounds – $39000 Raised for the Non-Profit To-Date

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.