Naked Wines has announced that its Chief Financial Officer Shawn Tabak has by “mutual agreement” departed his position with the company, effective immediately.
James Crawford has been appointed on an interim basis through to June 2023. He previously served as the company’s CFO from April 2015 to November 2020. Crawford will combine this interim role with his responsibilities as Managing Director of Naked Wines UK division.
The move comes just weeks after shares in Naked Wines tumbled by almost 40% after it warned sales would take a hit this year as the business faced tough comparatives with bumper demand during the height of the pandemic.
Commenting on the changes, 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.”
He added: “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.”
