CRIMSON WINE GROUP LTD - CWGL STOCK NEWS

Crimson Wine Group (CWGL) appoints Adam D. Howell as Chief Financial Officer, bringing deep experience in the wine sector and public company marketplace. Howell's background includes key roles in corporate finance, M&A, financial reporting, and tax, along with SEC financial reporting processes pre- and post-IPO. Certified Public Accountant Howell will join the company on December 12, 2023.

Crimson Wine Group (CWGL) commits to further reducing glass bottle weight for sustainability, aiming for Net Zero carbon emissions by 2050. Their initiative targets a 17% reduction in bottle weight since 2018, equivalent to removing 633,000 miles driven by gasoline powered cars annually. The company plans to reach an average bottle weight of 400 grams by 2028, 27% below the industry average, and introduces a new logo for bottles weighing 420 grams and below.

Chamisal Vineyards nominated for Wine Star Awards for 'American Winery of the Year', recognizing their 50th anniversary and commitment to environmentally conscious methods. They generate 25% of their electrical power from solar panels and are part of IWCA. Special pours and events will be held to celebrate the nomination.

Crimson Wine Group (OTCQB: CWGL) announced it has no ties to Silicon Valley Bank, which previously serviced numerous companies in the wine industry. Established in 1991, Crimson Wine Group manages luxury wine brands from boutique wineries across California, Oregon, and Washington. Its portfolio features renowned producers like Pine Ridge Vineyards and Seghesio Family Vineyards, offering direct sales and wholesale distribution in the U.S. and 30 export countries. The company is committed to achieving carbon neutrality by 2050 as a member of the International Wineries for Climate Action.

Crimson Wine Group (OTCQB: CWGL) has appointed Annette Alvarez-Peters to its board of directors, replacing Craig Williams, who is retiring immediately. Alvarez-Peters is an industry veteran with over 37 years at Costco, including leadership roles in the Beverage Alcohol Department. She is recognized for her expertise and holds multiple prestigious certifications. The board is optimistic about the fresh insights Alvarez-Peters will bring, while expressing gratitude to Williams for his contributions. This leadership change is expected to guide the company towards enhanced strategic direction.