TIDMCCR
Appointment of Non-Executive Chair Designate
Ralph Findlay to join as Chair designate in March 2022 and
succeed Steward Gilliland in July 2022
Dublin, London: C&C Group plc ('C&C' or the 'Group'), 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, are pleased to
announce the appointment of Ralph Findlay as a director and Chair
designate. Mr Findlay will join the Board on 1 March, 2022 as a
Non-Executive Director and will succeed Stewart Gilliland as Chair
following C&C's Annual General Meeting ('AGM') in July 2022. Mr
Gilliland had previously announced his intention to step down from
the Board at the 2021 AGM.
Mr Findlay's appointment follows a thorough evaluation and
succession process led by the Nomination Committee, in conjunction
with independent executive search firm, Spencer Stuart. Mr Findlay
brings significant industry and listed company experience to the
C&C Board.
Retirement of Stewart Gilliland
Stewart Gilliland was appointed a Non-Executive Director of the
Group in April 2012 and as Chair in July 2018. Under his leadership
the Group has developed significantly, successfully integrating and
optimising the Matthew Clark and Bibendum businesses, diversifying
Board membership, and leading the Group's response to the
challenges of COVID-19.
Appointment of Ralph Findlay
Ralph Findlay brings extensive drinks industry experience to
C&C. He has served as Chief Executive Officer of Marston's, the
UK pub group, since 2001 and will retire from that role on 2
October, 2021. Most recently, Ralph guided Marston's through the
successful sale of its brewing business into a GBP780m joint
venture with Carlsberg in May 2020. Ralph has served on the
Marston's Board since 1996, having previously held the role of
Finance Director before being appointed Chief Executive Officer in
2001. Ralph was appointed a Non-Executive Director of Vistry Group
plc in 2015 and has served as Senior Independent Director since
January 2020. He also previously served as Chair of the British
Beer and Pub Association (BBPA).
Stewart Gilliland, C&C Chair, said: "It has been a pleasure
working as part of the C&C business for the last nine years.
During my tenure as Chair, the Group has transformed into the
leading final-mile supplier to the on-trade in the UK and Ireland
and had to navigate through the most challenging period in our
industry's history. I am privileged to have worked with such a
talented and committed team who have managed these challenges so
effectively and positioned the business to perform as we emerge
from the pandemic. I look forward to welcoming Ralph to the Board
next year and wish him every success for the future as the Group's
next Chair."
Vincent Crowley, Senior Independent Director, said: "Ralph
brings extensive industry experience to the Board and we are
delighted to welcome him to C&C. He held a senior role at
Marston's for 25 years and has a deep understanding of the beverage
and hospitality sector in the UK, one of our core markets, and
internationally. He also brings extensive listed company board
experience. We look forward to working with Ralph and drawing on
his insight and expertise in the years ahead.".
"On behalf of the Board, and the entire Group, I would also like
to extend our gratitude to Stewart for his contribution to C&C
over the past nine years and in particular for his guidance and
leadership during his tenure as Chair. We will wish him well for
the future when the time comes for him to hand over to Ralph."
Ralph Findlay said: "It is an exciting time to be joining
C&C and I am very much looking forward to working with the
Board and the wider team. C&C has iconic brands and a market
leading distribution capability in the UK and Ireland. I am pleased
to have the opportunity to play a role in driving the future
success of the business for all our stakeholders including
customers, consumers and shareholders."
ENDS
Contacts
C&C Group plc
Patrick McMahon, Chief Financial Officer
Ewan Robertson, Finance and Investor Relations Director
Email: ewan.robertson@candcgroup.com
FTI Consulting
Jonathan Neilan/Paddy Berkery
Tel: +353 86 231 4135 / +353 86 602 5988
Email: CandCGroup@fticonsulting.com
Novella Communications
Tim Robertson
Tel: +44 203 151 7008
Email: TimR@novella-comms.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; Tennent's, the leading
Scottish beer brand; Magners the premium international cider brand;
as well as a range of fast-growing, super-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 under the Matthew Clark, Bibendum,
Tennent's and Bulmers Ireland brands, the Group supplies over
35,000 pubs, bars, restaurants and hotels, and is a key
route-to-market for major international beverage companies.
-- C&C Group also has a minority investment in the Admiral
Taverns tenanted pub group, which owns over 1,600 pubs across
England, Scotland and Wales.
C&C Group is a FTSE 250 company headquartered in Dublin and
is listed on the London Stock Exchange.
Note to Editors
All remuneration arrangements for Ralph Findlay are consistent
with the terms of the Directors' Remuneration Policy approved by
shareholders at the AGM in July 2021. As a Non-Executive Director,
Ralph Findlay will receive a fee of EUR65,000 and on his
appointment as Chair will receive a fee of EUR250,000. The Board
have determined that, upon appointment, Ralph will be
independent.
There are no other matters to disclose under Listing Rule
9.6.13
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210916005513/en/
CONTACT:
C&C Group PLC
SOURCE: C&C Group PLC
Copyright Business Wire 2021
(END) Dow Jones Newswires
September 16, 2021 09:25 ET (13:25 GMT)
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