Business
Diamond Estates Wines & Spirits Announces New Executive Appointment
Diamond Estates adds Andrew Howard to its executive team Niagara-on-the-Lake, Ontario--(N...
About this update from Diamond Estates Wines & Spirits, Inc.
[{"type":"text","content":"Diamond Estates Wines & Spirits Announces New Executive AppointmentDiamond Estates adds Andrew Howard to its executive teamNiagara-on-the-Lake, Ontario--(Newsfile Corp. - October 26, 2021) - Diamond Estates Wines & Spirits Inc. (TSXV: DWS) (\"Diamond Estates\" or \"the Company\") has announced that Andrew Howard has joined the executive team of the Company as Executive Vice President - Estate Wines, and has been issued incentive stock options by the Company. Andrew was previously President of the Equity Wine Group, which was acquired by Diamond Estates on October 6, 2021.\"I am very pleased that Andrew has accepted our offer to join Diamond Estates and continue the journey he began eleven years ago when he and other investors founded the Equity Wine Group,\" stated Murray Souter, President & CEO of Diamond. \"Andrew's passion for Canadian wines is well known and his skills and capabilities will add greatly to the current and future success of our estate wines division.\" Andrew has been involved with Equity Wine Group, owners of Creekside Estates and Queenston Mile Vineyards, from its inception, and has led the organization through its growth as a leading VQA company. Andrew has an extensive and relevant background for this role having also been a senior executive with Arterra, Labatt and Pepsi prior to founding the Equity Wine Group. Andrew is well known in the industry for his commitment to Ontario wines and will add greatly to the Company's success. \"I am pleased and excited to join Diamond Estates at the opening of this important chapter,\" stated Andrew Howard. \"Over the course of the past several months, I have met with great people and have seen significant potential for our business together. The acquisition will leverage Diamond's scale and scope to move those businesses to the next level and the combined company has greater capability than either one on its own.\"Andrew has also been granted 1,500,000 incentive stock options at a strike price of $0.18 per share. Diamond Estates considers stock options to be an important incentive to align its management team with the objective of building shareholder value over the long term. Each option is exercisable for the purchase of one common share for up to five years from the date of issuance, at which time they expire. The options are being issued under the Company'...