C&C Group plc
("C&C" or "the
Group")
Appointment of Roger White as Chief
Executive Officer
C&C Group plc, the vertically integrated
premium branded drinks group and leading drinks distributor to the
UK and Ireland hospitality sectors, is pleased to announce the
appointment of Roger White to the Board as Chief Executive Officer
("CEO") from 20 January 2025.
Roger's appointment follows an extensive search
process led by the Nomination Committee, in conjunction with an
independent executive search firm. Ralph Findlay will return
to the position of Non-Executive Chair following a short period of
transition after Roger joins the business. Ralph will also resume
the role of Chair of the Nomination Committee at that
time.
Roger is an accomplished business leader with
over two decades of PLC main board experience alongside deep
consumer goods and drinks sector expertise. He was formerly Chief
Executive of A.G. BARR plc, the FTSE250 multi-beverage business,
from 2002 until May 2024.
Prior to this, Roger held several senior
management positions at Rank Hovis McDougall Group (RHM) from 1987
to 2002.
Roger is currently Non-Executive Director of
Warburtons Ltd (2024 to present) and Chair of Beatson Cancer
Charity. He was previously Senior Independent Director of
Troy Income and Growth Trust plc (2014-2024), and Non-Executive
Director of William Jackson Food Group (2019-2024).
Ralph Findlay,
Chair and CEO of C&C Group plc, commented:
"I am
delighted to announce our recruitment of Roger and look forward to
welcoming him to C&C and to the Board. An acknowledged
high calibre leader, he will bring an exceptional combination of
extensive branded drinks sector expertise, understanding of our
markets and a proven track record of
delivery.
We look
forward to working with Roger. His knowledge and insight will
be of great relevance and invaluable to C&C as we continue the
recent positive momentum underway within the business and progress
our plans to deliver enhanced shareholder value."
Roger White
commented:
"It is an
exciting time to be joining the business. C&C has a
unique business model, great brands and a committed team, with the
potential to create significant long-term value. I look
forward to working with the Board and the wider team to lead
C&C through the next phase of its
development."
All remuneration arrangements for Roger White
are consistent with the terms of the Directors' Remuneration Policy
approved by shareholders at the AGM in August 2024. As CEO, Roger
will receive an annual base salary of £650k, a pension allowance of
5% of salary in line with the contribution available for the
Group's employees, a benefit allowance of 7.5% of salary and
maximum annual bonus opportunity of 125% of salary.
A one-off LTIP grant of 150% of base salary
will be made on appointment, with performance objectives
linked directly to creating shareholder value.
This announcement has been made in accordance
with the requirements of Listing Rule 6.4.6 and there is no further
information to be disclosed under the requirements of Listing Rule
6.4.8.
12 December 2024
ENQUIRIES
C&C Group
plc
Email:
investor.relations@candcgroup.ie
Instinctif
Partners
T: +44 (0)20 7457 2020
Justine Warren/ Tim Pearson/ Amelia
Thorn
Email: candccapmkts@instinctif.com
Irish
Media
FTI Consulting
Jonathan Neilan / Paddy Berkery / Niamh
O'Brien
Tel: +353 86 231 4135 / +353 86 602
5988 / +353 87 707 8379
Email:
C&CGroup@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 and Tennent's, the leading Scottish beer 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 plc is an Irish incorporated FTSE
250 company headquartered in Dublin and is listed on the London
Stock Exchange.
