East Imperial PLC Directorship Changes (5523L)
06 September 2023 - 5:13PM
UK Regulatory
TIDMEISB
RNS Number : 5523L
East Imperial PLC
06 September 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH
IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW
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6 September 2023
East Imperial plc
(the "Company")
Directorship Changes
East Imperial plc, the global purveyor of ultra-premium
beverages, today announces that Colin Henry and Toby Hayward will
step down as Non-Executive Directors of the Company, effective 1
September 2023.
Horace Ngai will join as a Non-Executive Director effective 5
September 2023, appointed to the Company's strategic advisory board
in October 2021. Horace began his career at Procter and Gamble in
China (1991-2000), during which he was one of the first marketing
pioneers for the company, building the success of its haircare
& beauty care brands. Between 2000 and 2018, he held various
senior management positions at Pernod Ricard across Asia, including
Senior President of Pernod Ricard in China.
Horace was also the CEO of Sichuan Shui Jing Fang Co. Ltd, a
listed company on the Shanghai Stock Exchange majority-owned by
Diageo, between 2019 and 2020. Horace is a representative of INL
Investments, a distributor of East Imperial products and a recent
investor in the Company.
Alistair McGeorge will remain as Chair until a suitable
replacement with the appropriate industry expertise can be found.
Alistair will assume the role of chairing the Audit and
Remuneration Committees.
Alistair McGeorge, Chairman, commented:
"I would like to thank Colin and Toby for their contribution to
the Board and wish them both well with their next endeavours. The
changes to East Imperial reflect a recalibration of the cost
structures and the desire for governance support to include an
appropriate level of industry expertise. In that regard, I welcome
Horace to the board."
Tony Burt, CEO/Founder, commented:
"I'd like to thank Colin and Toby and wish them all the best for
the future. I'd also like to welcome Horace, who brings extensive
experience in the premium drinks industry in Asia. His insight and
experience will be a huge asset as we work closely with our new
investment partner, INL Investments, in that region."
Enquiries:
Anthony Burt / Andrew Robertson - investors@eastimperial.com
About East Imperial
Founded in New Zealand and Singapore in 2012, East Imperial
produces a range of ultra-premium mixers that sell throughout APAC,
the US and EMEA. Guided by a clear strategy to capitalise on the
growing demand for premiumisation across the beverage industry,
East Imperial has sold over 33 million bottles in over 20 countries
since its founding, with popular products including Old World
Tonic, Grapefruit Tonic, Yuzu Tonic and Mombasa Ginger Beer. In
2023, East Imperial won 8 medals at the coveted Tonic & Mixers
Masters Competition in London. The company was founded on the
philosophy of creating exquisite products defined by heritage,
tradition and authenticity. All products are made from the highest
quality, all-natural ingredients, reflecting East Imperial's
commitment to providing a sustainable product and minimising
environmental impacts at every stage of the manufacturing process.
For more information about East Imperial and its ultra-premium
mixers, visit eastimperial.co.uk.
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END
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