Fevertree Drinks PLC Directorate Change (2343L)
29 Abril 2020 - 1:00AM
UK Regulatory
TIDMFEVR
RNS Number : 2343L
Fevertree Drinks PLC
29 April 2020
Fevertree Drinks plc
( "Fever-Tree" or the "Group")
Directorate Change
Fever-Tree, the world's leading supplier of premium carbonated
mixers, announces that Charles Rolls, co-founder of Fever-Tree, has
informed the Board of his intention to step down from his current
role as Non-Executive Deputy Chairman at the Group's next Annual
General Meeting on 4 June 2020.
Bill Ronald, Chairman of Fever-Tree, said:
"As one of the co-founders of Fever-Tree, Charles's
entrepreneurial vision and passion has been integral to the success
of the company as it has grown to become the no. 1 premium mixer
brand across the globe.
On behalf of the Board I would like to pass on our thanks for
his valued contribution to the Board. He has been an absolute
pleasure to work alongside. His experience and passion for
Fever-Tree has shone through in all our discussions and although we
lose a Board colleague, we keep a good friend."
Tim Warrillow, Co-Founder and CEO, said:
"It really has been a fantastic experience and an enormous
amount of fun working with and building the business alongside
Charles. He is undoubtedly a great entrepreneur, he was one of the
first to successfully breathe life into the premium gin category
with Plymouth Gin and then of course Fever-Tree, so Gin & Tonic
drinkers around the world owe him a great debt of gratitude.
I will certainly miss working alongside him, but we have not
only built a very strong business partnership over the years but
also a great friendship and I look forward to many more Gin &
Tonics together."
Charles Rolls said:
"Co-founding and developing the Fever-Tree brand has been the
focus for an immensely satisfying 17 years of business life, from
the idea, through to selling our first case, and on to the millions
we now sell worldwide. While I am stepping down from the Board, I
remain a great supporter and significant shareholder in Fever-Tree
and am as passionate about the business as ever. Fever-Tree deals
in a world of best before dates and I am happy to be stepping down
before I reach mine.
I am leaving a business in robust health. Fever-Tree has a
fantastic team in place, led by an inspirational CEO in Tim and I
have no doubt there will be many exciting years ahead for the
company. I take this opportunity to thank all involved in the
success including the worldwide team, our suppliers and our
customers."
For further information:
Fevertree Drinks plc
Analysts and Investors
Ann Hyams, Director of Investor Relations +44 (0)7435 828 138
Media
Oliver Winters, Director of Communications +44 (0)770 332 9024
Numis Securities - Nominated Adviser
and Joint Broker
Garry Levin
Matt Lewis
Hugo Rubinstein +44 (0)20 7260 1000
Investec Bank plc - Joint Broker
David Flin
Alex Wright
David Anderson +44 (0)20 7597 5970
Brunswick Group +44 (0) 207 404 5959
Jonathan Glass fevertree@brunswickgroup.com
Fiona Micallef-Eynaud
Kate Pope
Notes to Editors:
Fever-Tree is the world's leading supplier of premium carbonated
mixers for alcoholic spirits by retail sales value, with
distribution to over 70 countries worldwide. Based in the UK , the
brand was launched in 2005 to provide high quality mixers which
could cater to the growing demand for premium spirits, in
particular gin, but also increasingly for vodka, rum and whisky.
The Company now sells a range of carbonated mixers to hotels,
restaurants, bars and cafes ("On Trade") as well as selected retail
outlets ("Off Trade").
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END
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