Derek Nicol appointed as Europe MD of Accolade Wines

Accolade Wines has announced the appointment of Derek Nicol to the position of managing director, Europe.

He replaces Caroline Thompson-Hill, who resigned to pursue an opportunity in the UK retail sector.

Nicol brings extensive global experience to the new role, having served in commercial, supply chain and finance functions across the wine and spirits sectors internationally. Before joining Accolade in 2020, he served as regional operating officer for EMEA and supply chain director, EMEA and Asia, for Treasury Wine Estates.

As part of the change, Joe Russo will succeed Nicol as chief supply chain officer. Currently general manager of supply chain and operations for Australia and New Zealand, Russo has been with Accolade Wines for the last four years.

Prior to Accolade he held senior supply chain roles with Diageo, Mondelez and Lion.

The changes will take effect on 1 February 2024 to facilitate a smooth transition.

“These appointments showcase the depth of talent we have within Accolade, with both Derek and Joe bringing valuable cross-functional skill-sets in the industry to their new roles,” Robert Foye, chief executive at Accolade Wines, said.

“In recent years, Accolade has cemented its leadership of the UK market and is making significant progress in the rest of Europe. We have also built our status as one of the industry’s leading suppliers, working closely and collaboratively with customers to innovate and lead the category. We will continue this trajectory under the leadership of Derek and the existing Leadership Team.

Thompson-Hill leaves Accolade after four years in the role, having led the European business through a period of transformational change. Throughout her tenure, Accolade Wines has delivered consistent above-market growth, with Hardys retaining its position as UK’s number one wine brand.

“Whilst we are sorry to see Caroline go, we wish her all the best for the future as she starts this new chapter in her career,” Foye added.