Economy

Naked Wines CFO departs amid sales warning

The news comes after Naked Wines took a £350m sales hit in the last year

Naked Wines has announced that Shawn Tabak, chief financial officer and director, has left the company by mutual decision, effective July 22, 2022.

James Crawford has been appointed on an interim basis through to June 2023. He previously served as CFO from April 2015 to November 2020, and will combine this interim role with his responsibilities as managing director.

The company added the Board position being vacated by Tabak will not be filled at this time.

The news comes after Naked Wines took a £350m sales hit in the last year.

Nick Devlin, chief executive officer, said: “I would like to thank Shawn for his efforts on behalf of Naked and personally for his support and partnership. Shawn’s experience in leading finance organisations in high-growth U.S. environments has been valuable.

“During his time at the company we have achieved significant growth which we have consolidated in our most recently completed fiscal year. I’m delighted to be able to call on James, a highly accomplished executive with unmatched knowledge of the business and value creation model to return to the CFO role on an interim basis. I would like to thank Shawn and James for having worked closely together to effect a smooth transition.”

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