Treasury Announces Executive Restructure

Dear Client:As you know, Treasury Wine Estates has been in the spotlight lately after announcing an $145 million write down against its U.S. business and parting with former chief David Dearie, in the wake of which chairman Paul Rayner said the company would search for "a leader with a stronger operational focus to deliver the Company's growth ambitions." Tonight TWE announced its latest plan to simplify operations. Most notable to us in the US, Sandra LeDrew, currently managing director of