Brunton Vineyards Hires New CFO, Don Pacholec
Last update: 4/16/2007 5:24:05
Former Finance Executive for Sun Microsystems and Compaq / Hewlett Packard Joins the Brunton Vineyards Team
SAN FRANCISCO, Calif., Apr 16, 2007 (BUSINESS WIRE) -- Brunton Vineyards, Inc., a division of Brunton Vineyards Holdings, Inc (Pink Sheets:BVYH) announces that it has hired Mr. Don Pacholec as its new CFO. Mr. Pacholec officially starts his post as of May 1st, 2007.
With over 25 years of experience as a CFO and finance executive, Don Pacholec brings a wealth of knowledge and budgeting/forecasting, strategic planning, cost accounting, contract, intellectual property and M&A experience and skills. He also has a deep understanding and experience in the revenue recognition process, SEC filings and tax advantaged strategy / implementation. Mr. Pacholec was responsible for financial management at Hewlett Packard's worldwide Enterprise Systems Group, managing internal controls, SOX compliance, accounting process, inventory ($1.5B), and material cost reduction / procurement risk. He developed a corporate mergers and acquisition process, valuation methodologies, due diligence and business integration process for National Semiconductor and successfully negotiated win-win outcomes for over 12 acquisitions and divestitures including support for National's divestiture of Cyrix. At Sun Microsystems, he provided financial management for the company's Software Development and Server Hardware engineering divisions during a period when Sun grew from $600M annual sales to over $2.4B annually.
In his most recent post with Compaq / Hewlett Packard (HPQ), Mr. Pacholec provided accounting and financial management in HP's worldwide Enterprise Systems Group Supply Chain (approx. $20B /yr. revenue segment), responsible for internal controls / revenue recognition, Sarbanes Oxley Compliance and long range procurement support and achieved a 30%+ reduction in overhead costs with greatly enhanced visibility and forecast accuracy. He helped deliver a 12% annual material cost improvement in manufactured products and design stage products. With National Semiconductor (NSM), he held the post of Director of Business Development and was responsible for mergers, acquisitions, and divestitures in addition to formulating the M&A/D process which focused on business competencies and technology valuation. Mr. Pacholec also currently owns his own vineyard in Napa Valley and has been involved in the wine industry for 17 years.
Mr. Pacholec commented about his appointment to the Brunton Vineyards Advisory Board, "I have spent more than 25 years of my life in the world of finance and am very fond of the wine industry, learning much from owning my own vineyard. I am happy to join the Brunton Vineyards team, where I can become part of such a unique company in this industry". Geno Brunton, Chairman / CEO stated "Having Mr. Pacholec as our CFO, with his tenure and as multi-skilled as he is, ensures that financial decisions made by our company are made with veteran expertise and wisdom. We're very pleased that Mr. Pacholec has decided to embrace our young company, as aggressive as we are, and has risen to the challenge"
About Brunton Vineyards
Brunton Vineyards is a owned subsidiary of Brunton Vineyards Holdings, Inc, a public company based in San Francisco, CA. The company currently has several wholly owned subsidiaries: Brunton Vineyards (with current brands - "Brunton" and "Addison Cole"), VinoVenue, LLC and Swig, Inc. Management plans to add shareholder value by increasing distribution of its wines within the US market, increasing margins on wine sales and acquiring top tier, high quality producing vineyards and wineries and some that are considered undervalued. Competitors to Brunton Vineyards are Constellation Brands (STZ), Scheid Vineyards (Pink Sheets:SVIN) and 360 Global Wine Company (TSIX). Please visit for more information.
SOURCE: Brunton Vineyards, Inc.
InvestSource Inc.Roy Sahachaisere, Investor Relations866-427-2196
