Treasury Wine Estates announced Sam Fischer will be appointed as its new CEO, effective Oct. 27. Fischer is the current CEO of Lion, owned by Kirin Group, whose portfolio spans beer, wine, spirits and ready-to-drink beverages across Australia, New Zealand and the U.S. Before his role at Lion, Fischer spent 15 years at Diageo across several roles, including President and a member of the Global Diageo Executive Committee. Fischer will succeed Tim Ford, who has spent 14 years with Treasury, including five as its Chief Executive, and will continue in his current role until Sept. 30 to ensure a smooth transition.