Truett-Hurst names new CFO

HEALDSBURG -- Truett-Hurst Inc. (Nasdaq: THST) announced the appointment of Paul Forgue as chief financial officer and chief operating officer.

Mr. Forgue succeeds James D. Bielenberg who resigned as CFO of the company, effective June 13, to pursue other interests.

"We are pleased Paul Forgue is joining the Truett-Hurst team," Phil Hurst, chairman and CEO of Truett-Hurst, Inc., said in a statement. "I'm confident Paul's depth of experience has given him the knowledge to assist in the management and long term planning for our Company. I've known Paul for almost 10 years, and his support in operations will allow me to focus on growing the business."

Before joining the company, Mr. Forgue was a senior director of Alvarez & Marsal, a global financial advisory services company, where he provided financial and operational leadership including serving as interim CFO in a number of assignments. Prior to Alvarez & Marsal, Mr. Forgue worked with PricewaterhouseCoopers. He is a long-time resident of Sonoma County, and holds a bachelor's degree in economics from the University of Dallas and an MBA from Rice University.

"The company is very grateful and appreciative of Jim's efforts as CFO. Jim made a significant contribution over the last two years to the success of Truett-Hurst, including helping the company through its IPO. We wish him well in his future endeavors."

In order to ensure an orderly transition of his responsibilities, Mr. Bielenberg will assist the Company through the date of the filing of its annual report on Form 10-K for its fiscal year ended June 30, 2014.

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