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Cakebread Cellars Announces Gary Pruitt, New Board Director

Date: 10/24/13

Rutherford, CA (October 15, 2013) – Cakebread Cellars, one of the most recognized and respected names in Napa Valley, has appointed Gary Pruitt, president and chief executive officer of The Associated Press, to its board of directors.

“We are honored to welcome Gary to our team,” said Dennis Cakebread, vice-chairman and senior vice president of sales and marketing for this family-owned winery. “Cakebread is marking its 40th anniversary this year, and we would not be where we are now without the experience and guidance of our valued board members.” Pruitt, based in New York City, joins the current board, consisting of four Cakebread family members and three outside directors: Robert H. Smiley, Jack Tankersley and Maggie Wilderotter.

Gary Pruitt
Gary Pruitt was named president and chief executive officer of The Associated Press in 2012, where he had also served three terms on the board of directors, including as vice- chairman. Previously, as chairman, president and CEO of The McClatchy Company, Pruitt was the leader of the third largest newspaper company in the U.S. A First Amendment lawyer by training, Pruitt steered McClatchy toward financial diversification and was instrumental in taking the company public in 1988.

Robert H. Smiley
Robert Smiley is dean and professor emeritus at U.C. Davis and is considered an authority on competitive strategy, economics, industrial structure, public policy analysis and antitrust policy and regulation. Smiley is a consultant in several sectors, including the wine industry, where his expertise is sought on economic and strategic issues.

Jack Tankersley
Jack Tankersley has more than 30 years’ experience as a private equity investor and has raised and managed more than $1 billion in capital over his career. He is a co-founder of Centennial Funds and served as its CEO and/or CIO from 1981-1997. In 1998 he founded Meritage, a firm which manages three investment funds in the tech sector, totaling more than $600 million of committed capital. Tankersley serves on the Tuck Center for Private Equity and Entrepreneurship’s Executive Advisory Board, as well as on the boards of directors of various Meritage portfolio companies and community service organizations.

Maggie Wilderotter
Maggie Wilderotter is the chairman and chief executive officer of Frontier Communications, the sixth largest local exchange carrier in the U.S., providing telecommunications services to residential and business customers in 27 states. Prior to joining Frontier in 2006, Wilderotter served as an executive for McCaw Cellular (later AT&T Wireless) and Microsoft. She serves on the boards for Xerox, as well as Procter & Gamble, and was named one of the “Fifty Most Powerful Women in Business” by FORTUNE magazine four years in a row (2009-2012).

About Cakebread Cellars
The Cakebread family, owners of Cakebread Cellars in Rutherford, has built one of the most highly esteemed and successful wineries in California’s famed Napa Valley. Since its founding in 1973 by Jack and Dolores Cakebread, the winery has earned a reputation for exceptional wines and gracious hospitality. Cakebread’s success has been built on quality, consistency and continuity – characteristics the family believes apply equally to the grapes, the wines and the people who create Cakebread’s world-class wines.

Region: Napa & Sonoma

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