DeBonis Back As Interim CEO At Ascentia: Updated

Jim DeBonis, who was ousted this past January as CEO of troubled Ascentia Wine Estates seems to be back in charge, at least on an interim basis according to multiple sources close to the company.

Wine Industry Insight could not confirm the details as this post was written late Monday evening, but it was later confirmed by company press release.

Michael Kenton, former president and CEO of Artesa Winery, who had been appointed CEO to replace DeBonis, has apparently left a company which has never been able to establish a stable footing since its founding in 2008.

A company spokesman stated that “The board of managers simply did not see eye to eye with Mr. Kenton on how to best achieve success.”

Lawsuits, debt, and management turmoil has plagued the company since its founding.

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