SALEM, Ore., July 18, 2019 /PRNewswire/ -- Willamette Valley
Vineyards (NASDAQ:WVVI), a leading Oregon producer of Pinot Noir, today announced
that Chief Financial Officer Rich
Goward has notified the Company of his intention to retire
from his role as CFO of Willamette Valley Vineyards by the end of
2019. To help ensure an orderly transition, Mr. Goward will
remain in his role until a successor is appointed. Following
his retirement as CFO, Mr. Goward will remain with the Company as a
senior advisor assisting with the leadership transition, working on
issues related to the winery's public company status and governance
issues.
"Rich has been an outstanding CFO and made major leadership
contributions to the Company for the past six years," said
Jim Bernau, President, CEO and
Founder of Willamette Valley Vineyards. "I truly appreciate
not only his leadership on financial issues but his ability to help
strategically position the Company for the future. I believe
his work on our preferred stock sale and development of our
'shareholder as a customer' initiative has created real value for
the Company for many years to come. I truly appreciate Rich
being a solid partner with me in evolving our business and look
forward to his continuing leadership in the years to come."
Goward said, "It has been an honor to serve as CFO of Willamette
Valley Vineyards for the past six years and I am proud of the
advancements we have made as a Company. I believe we have
strong finance and leadership teams in place and the timing is
right to transition to a new CFO/Business Manager."
Willamette Valley Vineyards is conducting an external search for
its next CFO/Business Manager. Interested candidates can view
the job description and apply at the company's website: wvv.com
Willamette Valley Vineyards, Inc. is headquartered at its Estate
Vineyard near Salem, Oregon.
The Company's common stock is traded on NASDAQ (WVVI).
Forward-looking statements in this release are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, and are identified by such words and phrases as
"expects," "thinks," "believes," "anticipates" and words of similar
import. Such forward-looking statements are subject to risks
and uncertainties and actual results could differ materially from
those projected. Such risks and uncertainties include, but
are not limited to: availability of financing for growth,
availability of adequate supply of high quality grapes, successful
performance of internal operations, impact of competition, changes
in wine broker or distributor relations or performance, impact of
possible adverse weather conditions, impact of reduction in grape
quality or supply due to disease, impact of governmental regulatory
decisions and other risks.
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SOURCE Willamette Valley Vineyards