Crimson Wine Group, Ltd. Appoints Karen Diepholz as Chief Financial Officer, Effective June 29, 2018
June 22, 2018 at 06:00 pm
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Crimson Wine Group, Ltd. announced that Karen Diepholzhas been named Chief Financial Officer, reporting directly to President and CEO Patrick DeLong. Her role will encompass oversight of all financial and business service functions, ensuring the higher level of quality to support the company’s mission of crafting benchmark wines and creating uniquely wonderful wine experiences. Diepholz will begin in her new role on June 29, 2018. Diepholz comes to the company from Vintage Wine Estates, where she was the Chief Financial Officer, overseeing Finance & Accounting, IT, Procurement and Human Resources. Prior to VWE, Karen was the Chief Financial Officer of Equinox Payments, a payment technology company and the Vice President of Financial Planning & Analysis for Hypercom Corporation. Karen also served as the Vice President, Corporate Controller at Fender Musical Instruments and spent her early career in the consumer products industry in a variety of financial and leadership roles at The Dial Corporation, now Henkel U.S.
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. 