Graeme Weir is stepping down from his roles as CFO and company secretary on 4 April, with current head of group finance Amanda Cherry announced as his successor.
Weir has played a “huge role” in the growth of the direct-to-consumer online wine retailer over the years, including leading on both a private equity-backed management buyout in 2013 and the firm’s IPO in 2021.
The company will announce its interim results for the six months ended 27 December 2024 on 26 March, just ahead of Weir’s departure.
“After 22 years as CFO of Virgin Wines, I feel now is the right time to step down and enjoy retirement,” Weir said.
“I remain fully committed to supporting the business and completing a smooth transition. It has been a pleasure to work with Jay and the wider team, and I am confident that Virgin Wines will continue to go from strength to strength.”
He also praised Cherry, who has been with Virgin Wines for the past 16 years and has worked closely with Weir and the board throughout that time.
“I am delighted to hand over the reins to Amanda, who knows the business well and will provide continuity but also a fresh impetus into Virgin Wines’ future growth plans,” he added.
Meanwhile, Virgin Wines CEO Jay Wright thanked Weir for his “enormous contribution” to the group.
“He has played a vital role in the group’s significant progress and growth over the last 22 years,” Wright continued.
“It has been a privilege to work with him over that period and he will be missed by the whole Virgin Wines team. However, I look forward to progressing the next stage of our growth with Amanda, who is well embedded in the business, and welcome her to the board.”
Based in Norwich, Virgin Wines was established in 2000 by the Virgin Group and was acquired by Direct Wines in 2005, prior to the management buyout in 2013.
It stocks more than 650 wines sourced from around 40 winemaking partners and suppliers around the world.
