- Digital Wine Ventures (DW8) has appointed Matthew Johnson as its new Chief Financial Officer, joining the throng of companies finding the positives in a market gripped by COVID-19
- Over April, the wine delivery company signed on 11 new customers — almost as many signed the entire first quarter of the year
- Now, CEO Dean Taylor says May is looking to be another record-breaking month for the company
- Matthew will start his new role as CFO at the beginning of June
Shares in DW8 are unchanged today, currently trading grey for 0.7 cents each
Digital Wine Ventures (DW8) has appointed Matthew Johnson as its new CFO, joining the throng of companies finding the positives in a market gripped by COVID-19.
The wine delivery specialist told investors in early May it had signed on a record number of new customers over April as COVID-19 lockdown measures kept Australians at home and boosted online sales.
DW8 signed on 11 new customers in one month, representing a run-rate 50 per cent higher than the previous quarter. In fact, the 11 new customers in one month are almost as many as the company signed over the whole first quarter of 2020.
Today, DW8 CEO Dean Taylor said May is looking to be another record-breaking month for the company.
"While it takes some time to onboard each of these, we expect to process a lot more orders over the coming months particularly as many of these operate wine clubs," Dean said.
"The order numbers we have seen so far this month certainly support this and indicate that we are on track for another record-breaking month in May," he said.
To support the expected growth, DW8 is bolstering its leadership team by appointing company finance manager Matthew Johnson as Chief Financial Officer (CFO).
The company said Matthew brings 25 years of accounting and financial management experience to the table. He has worked for the likes of PBL, British Telecom, Westfield, George Pratts, Fairfax, and DMG World Media.
DW8 said his "rare" combination of skills allows him to support a rapidly-growing tech startup while providing the reporting regime expected of an ASX-listed company.
Matthew kicks off his role as CFO on June 1, 2020.
Digital Wine Ventures' key focus is its WINEDEPOT business, which is designed to provide an end-to-end supply chain solution to wine producers, distributors, importers, and retailers.
The cloud-based tech helps reduce operating and freight costs, shipping times, and admin resources.
Shares in DW8 are unchanged today, currently trading grey for 0.7 cents each.