Justin Dry, the long-time chief executive of online wine retailer Vinomofo, is stepping down from the position as the company heads towards a potential listing on the ASX, buoyed by the structural shift to e-commerce.
Mr Dry, one of the co-founders who set up the business in 2011 and who owns a 20 per cent stake in the company, said the time was right to hand over the day-to-day running. The existing chairman of Vinomofo, Paul Edginton, will become chief executive of the company, which has about 77,000 active customers.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
