Cullins to leave Stoli amid global restructure

Stoli Group CEO Rob Cullins will leave the vodka producer next month as part of a “restructuring” exercise, parent firm SPI Group has announced.

Cullins, who joined SPI Group in 2011 and was appointed Stoli Group CEO in 2015, will depart effective 15 October.

The move, described in a statement as a “joint decision”, comes amid an “ongoing plan to accelerate international growth and development” of Stoli Group.

“We thank Rob for his service to Stoli and note the company’s improving business performance,” said Dmitry Efimov, SPI Group CEO.

“Under his leadership, Stoli Group expanded its business into new geographies and built a strong global distribution network.”

Cullins added: “It has been a privilege to work with the people of Stoli Group to serve consumers around the world. I’m proud of what we have accomplished together, and I am confident in the company’s future.”

The announcement of Cullins’ exit follows the quiet departure of SPI Group CEO Val Mendeleev, who left the business in August 2015.