YOUNG & CO.S BREW.: Directorate change
16 Marzo 2022 - 05:57AM
UK Regulatory
TIDMYNGA
Young & Co.'s Brewery, P.L.C. ("Young's" or "the
Company")
Chief Executive Officer Succession
Young's announces that Patrick Dardis will be stepping down as
Chief Executive Officer ('CEO') at this year's AGM on 5th July
2022. On that date, he will be succeeded by Simon Dodd, Chief
Operating Officer, who was recruited three years ago with
succession planning in mind.
Patrick will remain on the Board and will stay on to oversee the
transition to Simon, until he retires at the end of September. He
will remain available to the Company for the remainder of his
notice period through to the end of March 2023.
Simon has a wealth of experience, having spent more than a
decade working in the pub and brewing sector. Prior to joining
Young's he was on the board of Fuller, Smith & Turner P.L.C.
and before that with Orchid Pub Company, and has held a number of
brand and marketing roles in the hospitality sector. Simon has
impressed the Board by immersing himself fully in all aspects of
the business.
Patrick has had a long and successful 20-year career at Young's,
of which 19 have been on the Board and the last six years as CEO.
He has achieved a huge amount during this time, not least
navigating the Company through Covid, one of the most challenging
periods in its long history. With trading returning to normal, we
have a strong balance sheet and capacity to invest further in the
business now focused on premium managed pubs.
Steve Goodyear, Chairman said:
"I have really enjoyed working with Patrick over the last 20
years. He has worked very effectively and with great energy and
passion for the business. On behalf of the Board, I would like to
thank him for his huge contribution and his many successful
achievements during his time at Young's."
Patrick Dardis, CEO said:
"Now is the right time to hand over the reins to Simon and the
rest of the team at Young's. I leave behind a great business, in
good shape with a very talented team. It has been a privilege to
lead a business with so many fantastic people in it and I would
like to thank all of my colleagues for their support and
contribution over the last 20 years."
Chris Taylor
Company Secretary
16 March 2022
Enquiries:
Young & Co.'s Brewery, P.L.C.
Stephen Goodyear (Chairman) / Patrick Dardis (CEO) 020 8875 7000
J.P. Morgan Cazenove (AIM nominated adviser)
James Mitford / Dean Schneider
MHP Mischief 020 7742 4000
Tim Rowntree / Robert Collett-Creedy 020 3128 8100
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220316005613/en/
CONTACT:
Young & Co's Brewery PLC
SOURCE: Young & Co's Brew.
Copyright Business Wire 2022
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March 16, 2022 07:57 ET (11:57 GMT)
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