Far Niente Wine Estates, a renowned Napa Valley leader in luxury wine across six wineries, announced the retirement of Chief Executive Officer Steve Spadarotto and the appointment of longtime wine industry executive Carol Reber to interim Chief Executive Officer. Since joining the company as CEO in 2018, Spadarotto helped to guide Far Niente through an exceptional period of financial growth and new product innovation. As a result of the initiatives that Spadarotto led, Far Niente’s wine portfolio achieved its highest-ever critical acclaim and consumer demand in 2024, the company said, including double-digit depletion growth in what was one of the most challenging years in the wine industry’s history. A highly experienced executive, Reber has spent the past 25 years in key luxury wine industry leadership positions, including serving on the Far Niente Board of Directors for the past two years.