The Market Herald - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Digital Wine Ventures (DW8) has appointed Non-Executive Director Paul Evans to the role of Non-Executive Chairman
  • He has 27 years experience in private equity in Australia and the United Kingdom
  • This includes as Director of AMP Private Equity and a Founding Partner of Ironbridge
  • Shares in Digital Wine Ventures traded steadily today at 0.7 cents apiece.

Digital Wine Ventures (DW8) has appointed Paul Evans as Non-Executive Chairman, effective immediately.

Before this appointment, he became a Non-Executive Director in the company at the start of November. He also took up $150,000 in Digital Wine Venture’s October capital raising.

Company CEO Dean Taylor said one of his priorities after being appointed as CEO earlier this year was a board review.

“One of my first tasks was to review the Board composition and enhance it with the talent, skills, experience and commitment required to support my vision for the Company,” he said.

“While that process took longer than I would have liked, it was worth the wait to get the calibre of board members that we now have directing the Company.”

Paul Evan’s Career

Mr Evans career in private equity spans 27 year with AMP, Ironbridge and 3i in the U.K.. For six year he worked as Director of AMP Private Equity. Later in 2001, he joined Graham as a Director and lead the $252 buyout of Repco, a car parts group.

In 2003, he became one of the Founding Partners of Ironbridge. Then in 2017, he became Director of Operations for mining investor, Pacific Road Capital.

CEO Dean Taylor described Mr Evans as an obvious candidate for the role.

“He brings a wealth of knowledge, experience and business acumen that will undoubtedly provide the company with a massive leg up in rolling out the WINEDEPOT business.”

In September the company officially launched WINEDEPOT, a website through which retailers to drop-ship orders directly to their customers.

Shares in Digital Wine Ventures traded steadily today at 0.7 cents apiece.

More From The Market Herald

Adore Beauty rejects takeover offer from London-listed company THG

Adore Beauty (ASX:ABY) has confirmed media reports over the weekend it received a takeover bid from…

Widespread Optus outage disrupts millions of Australians; ‘May take a few hours’ to fully restore

This morning, a nationwide service disruption from telecommunications giant Optus severely affected mobile, fixed internet, and…
The Market Herald Video

The Calmer Co ecommerce sales exceed $6000 a day in October

The Calmer Co International (ASX:CCO) has reported an increase in its ecommerce sales performance for October.

The Calmer Co reports robust Q1 FY24 revenue growth with product launch and partnerships

The Calmer Co International (ASX:CCO) has released its quarterly report for the three-month period ending September…