Crimson Wine Group, Ltd. Announces Resignation of Shannon B. McLarenas Chief Financial Officer and Principal Financial and Accounting Officer
April 27, 2018 at 12:28 pm EDT
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On April 23, 2018, Shannon B. McLaren, the Chief Financial Officer and Principal Financial and Accounting Officer of Crimson Wine Group, Ltd., resigned, effective May 15, 2018. Ms. McLaren will continue to serve in her current positions until that date. In the meantime, the Company has launched a search for Ms. McLaren's replacement, and Ms. McLaren will assist with the transition.
Crimson Wine Group, Ltd. owns and operates a collection of luxury wine brands from seven estate-based, boutique wineries located in the finest wine-growing regions of California, Oregon and Washington. It has two segments: Wholesale and Direct to Consumer. Wholesale segment includes sales through a third party where prices are given at a wholesale rate. Direct to Consumer segment includes retail sales in the tasting room, remote sites and on-site events, wine club net sales, direct phone sales, and other sales made directly to the consumer without the use of an intermediary. It, through its wholly owned subsidiaries, owns seven primary wine estates and brands: Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon, Seven Hills Winery and Malene Wines. Chamisal Vineyards owns 92 acres of vineyards in the Edna Valley, California, of which 52 acres are planted. Archery Summit owns 92 acres of estate vineyards in the Willamette Valley, Oregon.
CRIMSON WINE GROUP, LTD. 
