00:50:45 EDT Wed 21 Aug 2019
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Diamond Estates Wines & Spirits Inc
Symbol C : DWS
Shares Issued 148,511,746
Close 2019-01-04 C$ 0.20
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Diamond Estates appoints Dowdall as CFO

2019-01-07 07:39 ET - News Release

Mr. J. Murray Souter reports


Diamond Estates Wines & Spirits Inc. has appointed Paul Dowdall as chief financial officer, effective today.

Mr. Dowdall is a seasoned finance executive with experience across a diverse group of industries, including the food and beverage and consumer packaged goods sectors. Most recently, he was CFO of Ice River Springs, a privately held, vertically integrated bottled water producer with locations across the United States and Canada. Prior to this he held senior finance roles at SDI Marketing, Apple Canada, Psion Inc., BlackBerry Ltd. and Bell Canada. Mr. Dowdall is a chartered professional accountant.

"Paul is an outstanding addition to our team at Diamond Estates," said Murray Souter, president and chief executive officer. "Throughout his career, he has brought a strong operational mindset and shown an ability to drive profitability and long-term growth. I am confident that Paul will help Diamond Estates capitalize on the significant growth opportunities emerging in our rapidly evolving industry."

Mr. Dowdall replaces Alan Stratton, who has served as CFO since June, 2014, and has stepped down to focus on personal interests. Mr. Stratton has agreed to work as a consultant with Diamond Estates to assist in the management transition.

"On behalf of the board of directors and everyone at Diamond Estates, I would like to thank Alan for his valuable contributions to the company," Mr. Souter said. "He played an important role in the company's growth during a formative period, and we wish him the best in his future endeavours."

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