CALIFORNIA - News from June 17, 1987

Guild Wineries & Distilleries has moved quickly to replace Gerard Pasterick as president and chief executive by naming its chief financial officer, Chris P. Kalabokes, to succeed him.

Pasterick, 47, abruptly resigned on June 10 to pursue other interests in the beverage market, he said, and left with praise both from Chairman Kenneth B. Seibert and his 40-year-old successor. Both credited Pasterick with returning the winery to profitability during his three years at the top.

Kalabokes joined Guild in 1985 after 12 years in financial positions in the entertainment industry, both at 20th Century Fox and at Lucasfilm Ltd. He holds an MBA from the University of Southern California.