Duckhorn Portfolio Appoints Dave Burwick to Board

The Duckhorn Portfolio, Inc. (NYSE: NAPA) has appointed Dave Burwick to its Board of Directors, effective May 21, 2024. Burwick brings over 30 years of beverage industry experience, having recently served as President and Chief Executive Officer of The Boston Beer Company (NYSE: SAM).

Burwick will serve as the chairperson of the Company’s Nominating and Corporate Governance Committee and as a member of the Company’s Audit Committee.

The Duckhorn Portfolio, Inc. is North America’s premier luxury wine company, with eleven wineries, ten state-of-the-art winemaking facilities, eight tasting rooms and over 2,200 coveted acres of vineyards spanning 38 Estate properties. The portfolio features some of North America’s most revered wineries, including Duckhorn Vineyards, Decoy, Sonoma-Cutrer, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Postmark, Canvasback and Greenwing.

The company sources grapes from its own Estate vineyards and fine growers in Napa Valley, Sonoma County, Anderson Valley, California’s North and Central coasts, Oregon, and Washington State. The company offers a curated and comprehensive portfolio of acclaimed luxury wines with price points ranging from $20 to $230 across more than 15 varietals and 39 appellations. The wines are available throughout the United States, on five continents, and in more than 50 countries around the world.

Dave Burwick expressed his privilege in joining the Board of the leading American luxury wine company and looks forward to partnering with the Board and leadership team to continue to drive scale and build long-term shareholder value.

The company's President, CEO, and Chairperson, Deirdre Mahlan, expressed excitement about Burwick's appointment and believes his operational and strategic expertise will bring incremental value and perspective to The Duckhorn Portfolio Board, particularly at a crucial inflection point for the company.

The company is focusing on driving consistent, profitable growth and value creation for all its stakeholders, and it anticipates that Burwick will be an instrumental thought partner in this pursuit. Today the company's shares have moved 1.2% to a price of $8.15. For more information, read the company's full 8-K submission here.

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