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Ex-Diageo exec joins DMD Ventures as CFO

The owner of online drinks retailer 31 Dover, DMD Ventures, has appointed former Diageo executive Alicia Thompson as chief financial officer.

Originally from Melbourne, Alicia Thompson is the new chief financial officer for DMD Ventures

Thompson joins UK-based DMD Ventures following senior positions at drinks giant Diageo and professional services network PwC.

At PwC, Thompson worked in mergers and acquisitions (M&A) before transferring to London from her native Australia to work with retail and consumer goods companies including Diageo.

During her time at Diageo, Thompson held senior roles working on emerging market transactions, new-to-world spirits and held the global account director position for Tesco, Diageo’s second largest customer.

Thompson also created a premium womenswear cycling brand, called Queen of the Mountains.

DMD Ventures CEO James Bagley said: “Alicia is a formidable woman with the right experience and the right profile for us. She’s been a big hitter at Diageo and is just what our business needs to take it to the next level.”

Thompson added: “From previous roles at PwC, Deloitte, Diageo and recently running my own business, I will be able to bring finance, strategy, M&A and commercial experience to the CFO position and will be supported by James and the team to be a key leader within the business.

“Now is a particularly exciting time to join with UK drinks purchases still hugely underpenetrated within the online market and many changes and consolidations occurring within the wholesale industry.

“There are many untapped opportunities on the digital side and DMD is positioned to become the market leader; we are primed for growth, have a great team in place and the opportunities are extremely exciting.”

DMD Ventures acquired wholesaler Vanquish Operations in 2017 and owns subscription services The Gin Club and Clara Wine.

Earlier this year, DMD Ventures reported a 98% increase in turnover for its 2017/18 fiscal year to reach £11.9 million (US$15.7m).

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