Effective June 3, 2019, Patrick DeLong resigned as an employee and from his positions as President and Chief Executive Officer of Crimson Wine Group, Ltd. Mr. DeLong has served as the company's President and Chief Executive Officer since 2014 and previously as the Chief Financial Officer and Chief Operations Officer of the company since September 2007. The Board of Directors announced that it is immediately commencing a search to fill the President and Chief Executive Officer positions. Effective June 3, 2019, the Board of Directors of the company announced that it had appointed Nicolas M. Quillé, age 47, to act as interim President and Chief Executive Officer until such time as a new President and Chief Executive Officer is appointed by the company's Board of Directors.
Mr. Quillé will continue to serve in and fill the positions of Chief Winemaking and Operations Officer, while also holding the position of interim President and Chief Executive Officer.
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. 