Karl Martin appointed Managing Director at Yalumba

Yalumba's Managing Director, Nick Waterman (pictured below), will retire in September this year after almost twenty years of service to the company with current Executive Director – Commercial at Yalumba, Karl Martin stepping into the role.

Mr Martin joined the business in 1994, serving in a number of finance, support and executive roles in four different countries before taking on his current role in 2010.

Of Mr Martin, he says, "We have every confidence that Karl will continue Nick’s exceptional leadership, taking us further along our journey, managing our unique culture and growing our wine business in line with our family’s vision."

Mr Waterman has led the business as Managing Director since March 2015, during which time he reinvigorated the business in preparation for future generations, says the business.

Mr Waterman joined the company’s distribution business Negociants Australia in 2003 and quickly worked his way to Executive Director – Strategy & Trading and then Chief Operating Officer in 2014.

Fifth-generation proprietor and Yalumba Chairman Robert Hill-Smith said, “Nick has approached the Managing Director task with incredible stamina, loyalty, resilience and intelligence and we are in many ways a transformed wine company that now, thanks to him, is set to drive our aspirations with confidence.”

“Needless to say, we shall miss his leadership, presence and character whilst recognising so much more work is set to go under our bridge before that time comes.”

As well as his dedication to Yalumba, Waterman is commended for his contribution to the wine industry, including presidency of the South Australian Wine Industry Association.