Accolade Wines CEO Paul Schaafsma to step down

Accolade Wine’s chief executive Paul Schaafsma is set to bow out according to The Australian Financial Review. Schaafsma was appointed chief executive of Accolade in October, 2015 and is pulling the pin prior to the business listing in early 2017. Accolade’s 80 per cent owner CHAMP Private Equity has anointed Michael East, a 30-year wine industry veteran who is currently the general manager of Accolade’s operations in Australia and Asia as the successor.