Accolade Wines is pleased to announce the appointment of Derek Nicol to the position of
Managing Director, Europe. This follows the resignation of Caroline Thompson-Hill to pursue
an opportunity in the UK retail sector.

Mr Nicol brings extensive global experience to the new role, having served in commercial,
supply chain and finance functions across the wine and spirits sectors internationally. Before
joining Accolade in 2020, he served as Regional Operating Officer for EMEA and Supply
Chain Director, EMEA and Asia, for Treasury Wine Estates.

As part of the change, Joe Russo will succeed Derek as Chief Supply Chain Officer. Joe is
currently General Manager of Supply Chain and Operations for Australia and New Zealand
and has been with Accolade Wines for the last 4 years.

Mr Russo brings a wealth of experience in all facets of supply chain management. Prior to
Accolade he held senior Supply Chain roles with Diageo, Mondelez and Lion.

The changes will take effect on 1 February 2024 to facilitate a smooth transition.

Ms Thompson-Hill leaves Accolade after four years in the role, having led the European
business through a period of transformational change. Throughout her tenure, Accolade
Wines has delivered consistent above-market growth, with Hardys retaining its position as
UK’s number one wine brand.

Accolade Wines Chief Executive Officer Robert Foye said: “These appointments showcase
the depth of talent we have within Accolade, with both Derek and Joe bringing valuable
cross-functional skill-sets in the industry to their new roles.

“In recent years, Accolade has cemented its leadership of the UK market and is making
significant progress in the rest of Europe. We have also built our status as one of the
industry’s leading suppliers, working closely and collaboratively with customers to innovate
and lead the category. We will continue this trajectory under the leadership of Derek and
the existing Leadership Team.

“Whilst we are sorry to see Caroline go, we wish her all the best for the future as she starts
this new chapter in her career.”

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