// Naked Wines announces that CFO has left the business by mutual agreement
// Former chief financial officer James Crawford has taken on the job on an interim basis
Naked Wines has confirmed that its chief financial officer has left his position immediately by mutual agreement, after shares tumbled by almost 40% last month as it warned sales would take a hit this year.
The London-listed wine retailer company said that Shawn Tabak, who held the position of director as well as the top finance job, departed his roles last week on 22 July.
Former CFO James Crawford has taken on the role on an interim basis through to June 2023, after serving in the position from April 2015 to November 2020.
The company said Tabak’s position “will not be filled at this time”.
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Naked Wines chief executive said in a statement: “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.
“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. I would like to thank Shawn and James for having worked closely together to effect a smooth transition.”
Last month Devlin said that the business would “not pursue growth at any cost,” with the company intending to trade “at or around breakeven this year.”
The wine boss said this was the “responsible balance to strike” in the 2023 financial year.
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