Robert Hanson Appointed CEO of Duckhorn Portfolio

Butterfly Equity has appointed Robert Hanson as the new CEO of The Duckhorn Portfolio, effective February 1, 2025, succeeding Deirdre Mahlan, who will remain as an advisor. Hanson's extensive background includes leading Constellation Brands' wine and spirits division and prior roles in luxury and consumer brands, including John Hardy and American Eagle Outfitters. Butterfly Equity acquired Duckhorn in a deal valued at approximately $1.95 billion, resulting in the company's delisting from the New York Stock Exchange. Co-founder Adam Waglay expressed confidence in Hanson's ability to unlock new growth opportunities for Duckhorn, which boasts a portfolio of premium wine brands including Duckhorn Vineyards and Sonoma-Cutrer. The transition comes as Duckhorn aims to further solidify its position in the luxury wine market, distributing products globally. Hanson’s appointment is seen as a strategic move to enhance the company's operations and brand value.