Treasury Wine Estates confirms CEO Tim Ford's departure, details share changes

Tim Ford ceased his role as chief executive and managing director of Treasury Wine Estates Limited (TWE) on September 30, 2025, as confirmed by an Appendix 3Z filing dated October 6, 2025. Following his departure, a total of 309,711 performance rights lapsed on October 1, 2025. This included 251,053 performance rights from the FY25 Long Term Incentive Plan and 58,658 performance rights from the FY24 Long Term Incentive Plan, due to conditions not being met or becoming incapable of satisfaction. The company received no consideration for this cessation.

On his final day, Mr. Ford’s interests included 426,050 fully paid ordinary shares held in a family trust and 87,138 fully paid ordinary shares held by the TWE Share Plan Custodian on his behalf. Additionally, he held 234,630 performance rights under the FY2024 Long Term Incentive Plan and 251,053 performance rights under the FY2025 Long Term Incentive Plan, along with 27,078 restricted ordinary shares from the FY2024 Short Term Incentive Plan and 71,309 restricted ordinary shares from the FY2025 Short Term Incentive Plan. As a result of these changes, the total number of unquoted performance rights on issue for Treasury Wine Estates Limited now stands at 3,257,597.