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Diamond Estates Wines & Spirits Announces an Executive Change

Posted on May 26, 2020

NIAGARA-ON-THE-LAKE, Ontario--(BUSINESS WIRE)-- Diamond Estates Wines & Spirits Ltd. (“Diamond” or the “Company”) (TSXV:DWS) is pleased to announce that Geoff Kritzinger, CPA CA, will be joining the Company as Interim CFO in the wake of the disappointing news that Sean Byrne, who was appointed in this capacity last week, has regrettably had to relinquish this role due to unforeseen personal reasons.

“We are disappointed that Sean will not be joining the team, as I know how much he was looking forward to the opportunity,” said Murray Souter, Diamond's Chief Executive Officer. “Fortunately, Geoff Kritzinger is able to assume the CFO responsibilities immediately, which will still allow for the transitioning of responsibilities from Paul Dowdall, who will be leaving the Company effective June 5th.”

Mr. Kritzinger has a long history with Diamond dating back seven years when the Company first went public. He served as Diamond’s first CFO until July 2014 and has been involved with the Company on a consultative basis for the past five years. Geoff has also served as the CFO for numerous TSX companies including Currie Rose Resources Inc. Geoff is a graduate of the University of Toronto and was a partner in Shimmerman Penn LLP in Toronto.

About Diamond Estates Wines and Spirits Inc.

Diamond Estates Wines and Spirits Inc. is a producer of high quality wines and a sales agent for over 120 beverage alcohol brands across Canada. The Company operates two wineries, one in Ontario and one in British Columbia, that produce predominantly VQA wines under such well-known brand names as 20 Bees, EastDell, Lakeview Cellars, Dan Aykroyd, Fresh, McMichael Collection, Seasons, Serenity, and Backyard Vineyards. Through its Agency business division, Trajectory Beverage Partners, the Company is the sales agent for many leading international brands in all regions of the country as well as being a distributor in the western provinces. These recognizable brands include Josh wines from California, Fat Bastard and Andre Lurton wines from France, Kaiken wines from Argentina, Felix Solis wines from Spain, Blue Nun wines from Germany, Francois Lurton wines from France and Argentina, Waterloo Brewing and Amsterdam Brewery, both from Canada, Landshark Lager from the USA, Marston's beers from England, Social Lite vodka sodas from Canada, Edinburgh Gin from Scotland, Tamdhu, Glengoyne and Smokehead single-malt Scotch whiskies, Barcelo Rum from the Dominican Republic, Five Farms Irish Cream from County Cork Ireland, Tequila Rose Liqueur from McCormick Distilling in the USA, Cesare Mondavi & Family wines including Charles Krug from Napa, Bols Vodka from Amsterdam, Brokers Gin from the UK, Koyle Family Wines from Chile, Pearse Lyons whiskies and gins from Ireland, Niagara Craft Distillers' beverages from Ontario, Octavia Vodka from British Columbia, Fontana di Papa wines from Italy, Tiger Beer from Singapore, Red Stripe and Dragon Stout beers from Jamaica, and both Gösser and Kaiser beers from Austria.

Region: Canada
Job Function: Purchasing/Finance

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