Truett-Hurst announces appointment of Paul A. Forgue as CFO and COO, effective June 16
June 13, 2014
– Truett-Hurst Inc. (THST), today announced the appointment of Paul A. Forgue as Chief Financial Officer and Chief Operating Officer, effective June 16, 2014. "We are pleased Paul Forgue is joining the Truett-Hurst team," stated Phil Hurst, Chairman and CEO of Truett-Hurst, Inc. "I'm confident Paul's depth of experience has given him the knowledge to assist in the management and long term planning for our Company. I've known Paul for almost 10 years, and his support in operations will allow me to focus on growing the business."
Before joining the Company, Mr. Forgue was a Senior Director of Alvarez & Marsal, a global financial advisory services company, where he provided financial and operational leadership including serving as interim CFO in a number of assignments. Prior to Alvarez & Marsal, Mr. Forgue worked with PricewaterhouseCoopers. Mr. Forgue, a longtime resident of Sonoma County, CA, holds a BA degree in Economics from University of Dallas and a MBA degree from Rice University.
Mr. Forgue succeeds James D. Bielenberg who resigned as Chief Financial Officer of the Company, effective June 13, 2014 to pursue other interests. Mr. Hurst said "The Company is very grateful and appreciative of Jim's efforts as CFO. Jim made a significant contribution over the last two years to the success of Truett-Hurst, including helping the Company through its IPO. We wish him well in his future endeavors." In order to ensure an orderly transition of his responsibilities, Mr. Bielenberg will assist the Company through the date of the filing of its Annual Report on Form 10-K for its fiscal year ended June 30, 2014.
About Truett-Hurst Inc.
Truett-Hurst Inc. (NASDAQ: THST, http://www.truetthurstinc.com) is a holding company and its sole asset is the controlling equity interest in H.D.D. LLC., an innovative and fast-growing super-premium, ultra-premium and luxury wine sales, marketing and production company based in the acclaimed Dry Creek and Russian River Valleys of Sonoma County, California. Our principal executive offices are located at 4035 Westside Road, Healdsburg, California 95448, and our telephone number is 707.431.4423.