DRAFT 1, DECEMBER 11, 2001
For Further Information:
Contact: Shawna
Estrada
or Nevena Orbach
Investor Relations The Orbach Co., Inc.
Scheid
Vineyards Inc.
818-904-0500
831-455-9990
SCHEID VINEYARDS ANNOUNCES MANAGEMENT CHANGES
SALINAS,
Calif., December 20, 2001/PRNewswire/ --Scheid Vineyards Inc. (Nasdaq: SVIN) announced
today that effective January 1, 2002, Scott D. Scheid, President and Chief
Operating Officer, will assume the role of Chief Executive Officer. The CEO
position is currently held by Alfred G. Scheid, who will continue to serve as
Chairman of the Board. Kurt J. Gollnick, Vice President of Vineyard Operations,
has been promoted to Senior Vice President and will take over Chief Operating
Officer responsibilities from Scott D. Scheid.
Scott
D. Scheid, who was named President in March of this year, joined Scheid
Vineyards in 1986 as Vice President. He has been serving as its Chief Operating
Officer since 1997. Prior to joining
the company, he was an options trader with E. F. Hutton & Company in New York.
A graduate of Claremont Men’s College, he currently is a Director, serves on
the Executive Committee and chairs the State Government Affairs Committee of
the California Association of Wine Grape Growers. He has previously served as a
director of Monterey County Vintners and Growers Association.
Kurt
J. Gollnick joined Scheid Vineyards in 1988. Prior to joining the company,
Gollnick was Vineyard Manager for Thornhill Ranches of Santa Maria, California
for seven years. He is currently President and Director of the Monterey County
Vintners and Growers Association and also serves as a Director of the Wine
Institute representing Monterey and Santa Cruz Counties. He has also served as
a Director of the California Association of Wine Grape Growers from 1989 to
1997, and is a Past-President of the Central Coast Grape Growers and the
Monterey Grape Growers Association.
NEW
POSITIONS AT A GLANCE:
Alfred
G. Scheid- Chairman
Scott
D. Scheid- President & Chief Executive Officer
Kurt
J. Gollnick- Senior Vice President & Chief Operating Officer
Scheid
Vineyards Inc. is a leading independent producer of premium wine grapes and
operates approximately 6,000 acres of vineyards, primarily in Monterey County,
California. The Company sells most of
its grape production under long-term contracts to wineries producing primarily
premium quality table wines, and the Company also produces a small amount of
ultra premium wine under its own labels. Scheid Vineyards’ website address is www.scheidvineyards.com.