C&C GROUP PLC: Directorate change
27 October 2022 - 5:00PM
UK Regulatory
TIDMCCR
Appointment of Non-Executive Director and Audit Committee Chair
Designate
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, is pleased to announce the
appointment of John Gibney as an independent Non-Executive
Director, effective from 26 October 2022. On joining the Board, Mr
Gibney will become a member of the Audit Committee and will succeed
Emer Finnan as Chair of the Audit Committee in due course.
Mr Gibney's appointment follows a thorough evaluation and
succession process led by the Nomination Committee, in conjunction
with an independent search firm. In addition to his finance
background, Mr Gibney brings significant industry expertise and
listed company experience to the Board.
John Gibney
John Gibney, a Chartered Accountant, served for 17 years as
Chief Financial Officer and board member of Britvic plc, the
international soft drinks business, where he was responsible for
finance, legal, estates, risk management, quality, safety and
environment and procurement. Prior to joining Britvic plc, John was
Senior Corporate Finance and Planning Manager for Bass plc and,
before that, Finance Director and subsequently Deputy Managing
Director of Gala Clubs. John was appointed a Non-Executive Director
of 4imprint Group plc in 2021 and serves as Chair of their Audit
Committee. He previously served as a Non-Executive Director and
Chair of the Audit Committee at PureCircle PLC and Dairy Crest plc
(now Saputo Dairy UK).
Ralph Findlay, Chairman, commented: "John brings extensive
industry experience to the Board and we are delighted to welcome
him to C&C. With a deep understanding of the beverage and
hospitality sector in the UK and internationally, John has
extensive listed company board experience in both an executive and
non-executive capacity. The Board and I look forward to working
with John and drawing on his expertise in the years ahead."
John Gibney, commented: "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 is part of the fabric of the UK
and Ireland drinks markets with its iconic brands and market
leading distribution capability. I look forward to sharing my
insights and playing a role in driving the future success of the
business for all our stakeholders."
This announcement is made in accordance with Listing Rule 9.6.11
and there is no further information to be disclosed pursuant to
Listing Rule 9.6.13.
ENDS
Contacts
C&C Group plc
Patrick McMahon, Chief Financial Officer
Ewan Robertson, Finance and Investor Relations Director
Email: ewan.robertson@candcgroup.com
UK & International Media
Richard Hayhoe
Email: richard.hayhoe@candcgroup.com
Investors, Analysts & Irish Media
FTI Consulting
Jonathan Neilan / Paddy Berkery / Aline Oliveira
Tel: +353 86 231 4135 / +353 86 6025988 / +353 83 8331644
Email: CandCGroup@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; Tennent's, the leading Scottish beer brand;
Magners the premium international cider 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 is a FTSE 250 company headquartered in Dublin and
is listed on the London Stock Exchange.
Note to Editors
All remuneration arrangements for John Gibney are consistent
with the terms of the Directors' Remuneration Policy approved by
shareholders at the AGM in July 2021. As a Non-Executive Director,
John Gibney will receive a fee of EUR67,000 and on his appointment
as Audit Chair will receive an additional fee of EUR25,000. The
Board have determined that, upon appointment, John 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/20221026006140/en/
CONTACT:
C&C Group PLC
SOURCE: C&C Group PLC
Copyright Business Wire 2022
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