Business
Directorate Change and Trading Update
Directorate Change and Trading Update.
About this update from C&c Group Plc
[{"type":"text","content":"\n \nRNS Number : 9592Z C&C Group Plc 16 January 2020 \n\nC&C Group plc (\"C&C\" or the \"Company\")\nDirectorate Change and Trading Update\nThe Company announces that, following discussion with the Board, Chief Executive Officer, Stephen Glancey, has informed the Board that he wishes to retire. He will step down as CEO with immediate effect and will be leaving the Company at the end of February. Stephen will, however, continue to be available to assist with effecting a smooth handover.\nA search for Stephen's successor will commence shortly. Stewart Gilliland has been appointed interim Executive Chairman with immediate effect to ensure continuity of executive leadership.\nThe Board confirms that trading across the group for the four months to 31 December 2019 has been in line with the Board's expectations, including through the key Christmas trading period and remains on track to deliver double-digit EPS growth for FY2020.\nStewart Gilliland, interim Executive Chairman said:\n\"The Board would like to thank Stephen for his significant contribution to C&C over many years. The Company is well positioned to continue to implement its established strategy to deliver value for shareholders and Stephen will continue to be available to help facilitate a smooth handover.\"\nThis announcement contains inside information. The person responsible for arranging the release of this announcement on behalf of the Company is Mark Chilton, Company Secretary & Group General Counsel.\nContacts\nC&C Group plc\nPatrick McMahon, Group Strategy Director\nEmail: [email protected]\nFTI Consulting\nJonathan Neilan/Paddy Berkery\nTel: +353 1 765 0886/0884\nEmail: [email protected]\nNovella Communications Tim Robertson\nTel: +44 203 151 7008\nEmail: [email protected]\nAbout C&C Group plc\nC&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.\n· 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, Men...