Naked Wines’ chief financial officer will be stepping down from his role at the wine specialist as the company agrees on a new $60m (£46.9m) credit facility.
James Crawford is set to leave the wine specialist in autumn this year after being in his current role and a board member since 2022.
Naked Wines said “the timing is consistent with the two-to-three-year incentive arrangement agreed with James when he rejoined the board as CFO in 2022, and reflects his significant involvement over the past year in strengthening the financial position of the company.”
This comes as the etailer also announced the completion of a new credit facility with PNC Bank. The new $60m (£46.9m) credit facility, valid for five years, replaces the brand’s existing agreement with Silicon Valley Bank.
Rodrigo Maza, chief executive of Naked Wines, said: “I’m pleased to have agreed this new facility with PNC Bank and welcome them on board as our new financial provider. The new facility proves the strength of Naked’s balance sheet and business outlook while reinforcing our liquidity and ability to invest in bringing the best wines to our customers. We look forward to working closely with PNC and continuing to support independent winemakers around the world.”
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