Adnams PLC - Directorate Change
Announcement provided byAdnams plc · ADB
31 July 2023
Chief Executive Officer Succession Plan
Adnams plc (the "Company") announces, as part of its ongoing long term succession planning, that Dr. Andy Wood OBE DL intends to retire from his role as Chief Executive Officer and Director of the Company at the end of 2024.
During his tenure the Company has made considerable progress, adapting to a rapidly changing marketplace and extending its brand and sales presence into new markets including distilling, retail, export and hospitality. Further the Company completely renewed its infrastructure in respect of brewing, distribution and IT and has won many awards for its product quality and for its approach to sustainability and responsible business.
Over the coming 18 months, Andy will continue in his role as Chief Executive Officer and Director including to assist in a smooth transition to his successor. A succession process, led by Steven Sharp, Senior Non-Executive Director, will consider both internal and external candidates and a further announcement will be made when appropriate.
Jonathan Adnams OBE, Chairman, said,
"On behalf of the Board and all stakeholders, I would like to thank Andy for his continuing dedication and support and his commitment to ensuring there is a full handover to his successor, once appointed."
Dr Andy Wood OBE DL, Chief Executive, said,
"It has been a privilege to lead Adnams, a company defined by its values, for almost 20 years. Clearly, whilst we plan for a successor there is much work to do to ensure the Company is well placed to grow and succeed for another 150 years."
This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulations.
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Notes to editors:
Adnams is a company defined by its values which can be summarised as "doing things right". It has been brewing for over 150 years and produces a range of award winning spirits, cask, keg and bottled beers, which are available in pubs and supermarkets nationwide. The Company has unlisted 'A' Ordinary Shares and its 'B' Ordinary Shares are traded on the AQSE Growth Market.