- Robert Mondavi Corp. announced that Michael Mondavi has stepped down as company chairman, and is being replaced by Ted Hall, described as a former McKinsey & Co. executive, Napa winery owner and entrepreneur who joined the Mondavi board a year ago.
Michael Mondavi reportedly will focus on wine sales rather than corporate affairs, and will share the vice chairman's title with his brother, Tim Mondavi, the company's chief winemaker.
- KC's View:
