This announcement contains inside
information.
C&C Group plc
("C&C" or "the
Group")
Board Changes
C&C Group plc, the vertically integrated
premium branded drinks group and leading drinks distributor to the
UK and Ireland hospitality sectors, announces the following Board
changes:
John Gibney has informed the Board of his
intention to step down as a Non-Executive Director of the Group,
with effect from 13 January 2025. John has worked closely
with Andrew Andrea, Chief Financial and Transformation Officer, to
deliver substantial improvement in the Group's risk and internal
control processes. As such, he now feels this is an appropriate
time for him to step down and the new leadership team to continue
this work.
John will be succeeded by Feargal
O'Rourke, Non-Executive Director, as Chair of the Audit
Committee. During a 37 year career with
PwC, latterly serving as Managing Partner
in Ireland until his retirement from the professional
services firm in October 2023, Feargal advised Irish and
international companies on a broad range of financial issues
including investment, financing and business structuring.
In January 2024, he was appointed
by Ireland's Minister for Enterprise, Trade and
Employment as Chair of IDA Ireland and is also Chair of
the Institute of International and European Affairs, the Irish
based international think tank.
In addition, Mark Chilton, Company Secretary
and Group General Counsel, has notified the Board that he will
retire on 31 August 2025. Gillian Kyle, currently Deputy
Company Secretary, will take on the role of Company Secretary with
effect from the close of the 2025 AGM. A highly experienced
company secretariat professional, Gillian joined C&C in 2023
from The Weir Group PLC where she was Deputy Company Secretary
(2015-2023), having previously held a similar role at Aggreko plc
from 2008-2015.
As previously announced, Ralph Findlay will
return to the position of Non-Executive Chair as of 1 March 2025
following a short period of transition after Roger White joins the
business as Chief Executive Officer on 20 January 2025. Ralph
will also resume the role of Chair of the Nomination Committee at
that time.
Ralph Findlay,
Chair and CEO of C&C Group plc, commented:
"On behalf of
the Company and the Board, I would like to thank John for his
significant contribution to C&C during his tenure with the
business. We wish John every success for the future and are
delighted to welcome Feargal to the role of Audit Committee
Chair.
"I would also
like to thank Mark for his dedication and commitment to the
business over the last six years with the Group. We wish him
well in his retirement later this year and look forward to Gillian
supporting the Board as Company Secretary."
This announcement has been made in accordance
with the requirements of Listing Rule 6.4.6 and there is no further
information to be disclosed under the requirements of Listing Rule
6.4.8.
14 January 2025
ENQUIRIES
C&C Group
plc
Email:
investor.relations@candcgroup.ie
Instinctif
Partners
T: +44 (0)20 7457 2020
Justine Warren/ Tim Pearson/ Amelia
Thorn
Email: candccapmkts@instinctif.com
Irish
Media
FTI Consulting
Jonathan Neilan / Paddy Berkery / Niamh
O'Brien
Tel: +353 86 231 4135 / +353 86 602
5988 / +353 87 707 8379
Email:
C&CGroup@fticonsulting.com
About C&C
Group plc
C&C Group plc is a leading, vertically
integrated premium drinks company which manufactures, markets and
distributes branded beer, cider, wine, spirits, and soft drinks
across the UK and Ireland.
·
C&C Group's portfolio of owned/exclusive brands include
Bulmers, the leading Irish cider brand and Tennent's, the leading
Scottish beer brand; as well as a range of fast-growing, premium
and craft ciders and beers, such as Heverlee, Menabrea, Five Lamps
and Orchard Pig. C&C exports its Magners and Tennent's brands
to over 40 countries worldwide.
·
C&C Group has owned brand and contract
manufacturing/packing operations in Co.Tipperary, Ireland and
Glasgow, Scotland.
·
C&C is the No.1 drinks distributor to the UK and Ireland
hospitality sectors. Operating through the Matthew Clark, Bibendum,
Tennent's and Bulmers Ireland brands, the Group has a market
leading range, scale and reach including an intimate understanding
of the markets it serves. Together this provides a key
route-to-market for major international beverage
companies.
C&C Group plc is an Irish incorporated FTSE
250 company headquartered in Dublin and is listed on the London
Stock Exchange.