Chapel Down CFO resigns from role

The chief financial officer (CFO) at Chapel Down, Rob Smith, has stepped down from the role and as a director.

Joining the winemaker in September 2022, he played a role in refocusing the company on being the “leading” winemaker in the UK.

Smith will continue as a director and will lead finance until the publication of the firm’s full-year results in April.

The news comes after the firm appointed its new chief executive officer and director, James Pennefather.

He brings over 25 years of experience to the role, most recently working as CEO of The Lakes Distillery Company.

As part of this announcement, the Chapel Down board said that it had “great confidence in the continued growth” of the English wine region.

Chairman at Chapel Down Group, Martin Glenn, said: "We are delighted to have appointed Pennefather, who is an outstanding business leader with deep experience in building premium drinks brands within emerging categories, developing strong customer relationships in the UK and globally and enhancing shareholder value. Chapel Down has made excellent progress as a business and a brand, and James is well placed to continue Chapel Down's development and growth."

Pennefather added: "I am excited to be joining Chapel Down at such an important time in the company's growth story. Chapel Down is the leading English winemaker and I look forward to leading the business as it pursues the next stage of transformational growth for customers and shareholders."



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