Crimson Wine Group, Ltd. Elects Mr. Colby Rollins as Director
May 01, 2018 at 01:44 pm EDT
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On April 25, 2018, the Board of Directors of Crimson Wine Group, Ltd. elected Mr. Colby Rollins as a director of the Company to fill the vacancy left as a result of Mr. Ian M. Cumming’s retirement as a director of the Company on January 5, 2018. Mr. Rollins is independent under the listing standards of the NASDAQ Stock Market. The Board has not yet appointed Mr. Rollins to any committees, though it may appoint him to one or more committees in the future. Mr. Rollins, age 43, has served as the Chief Operations Officer of American Investment Company since January 2011. Previously, Mr. Rollins served as the Chief Financial Officer of American Investment Company since January 2009. Mr. Rollins served as a Director, Chief Operations Officer, and Chief Financial Officer of Wing Enterprises Inc., from 2004 to 2008. Mr. Rollins also has managerial and investment experience including serving on the board of directors for Farm Brothers LLC, IPT, LLC (dba PayLock Parking Solutions), MTI Partners, LLC, PMH Investors, LLC, Snowbird Resort LLC, City Roasting Company LLC and Ready Foods, LLC.
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. 
