Chapel Down appoints new CFO

(Sharecast News) - English wine producer Chapel Down has announced the appointment of the former Typhoo Tea and Fevertree Drinks finance leader as its new chief financial officer. Lourens Mouton, who has also held roles at Natural Capital Partners, BHP Billiton and Deloitte, will be appointed as CFO in early April, replacing Rob Smith who announced his resignation from the firm after two years in December.

Smith will step down after finalising and issuing Chapel Down's full-year results, expected next month.

The hire marks the second major boardroom change in just two months, with James Pennefather starting as the company's new chief executive officer last month.

"We are delighted to have appointed Louan, who has an excellent track record of leading cross-functional teams through significant growth and transformation in publicly traded and private international businesses," said chair Martin Glenn in a statement.

"He is a dynamic leader of high-performing finance teams and I am confident that, alongside our new CEO James Pennefather, he will continue the delivery of Chapel Down's development and growth."

Shares were down 0.3% at 39.9p by 1210 GMT, having fallen by 34% over the past six months.