C&C GROUP PLC: Directorate change

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: [e-mail]

UK & International Media

Richard Hayhoe

Email: [e-mail]

Investors, Analysts & Irish Media

FTI Consulting

Jonathan Neilan / Paddy Berkery / Aline Oliveira

Tel: [phone]

Email: [e-mail]

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

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    SOURCE: C&C Group PLC 
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October 27, 2022 02:00 ET (06:00 GMT)