C&C Group Chief Retires
C&C Group, the Irish and British drinks business, has announced that Stephen Glancey has stepped down as CEO and will leave the company at the end of February. Stephen Glancey will, however, continue to be available to assist with effecting a smooth handover.
A search for Stephen Glancey’s successor will commence shortly. Stewart Gilliland has been appointed interim Executive Chairman with immediate effect to ensure continuity of executive leadership.
The C&C Group board confirms that trading across the group for the four months to 31 December 2019 has been in line with expectations, including through the key Christmas trading period, and it remains on track to deliver double-digit EPS growth for FY2020.
Stephen Glancey.
Stewart Gilliland, interim Executive Chairman, says: “The board would like to thank Stephen for his significant contribution to C&C over many years. The company is well positioned to continue to implement its established strategy to deliver value for shareholders and Stephen will continue to be available to help facilitate a smooth handover.”
A FTSE 250 company, headquartered in Dublin and listed on the London Stock Exchange, C&C Group manufactures, markets and distributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland. Its 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, super-premium and craft ciders and beers, such as Heverlee, Menabrea and Orchard Pig.
C&C Group has own brand and contract manufacturing/packing operations in County Tipperary in Ireland; Glasgow in Scotland; and Vermont in the United States. C&C Group is the leading drinks distributor to the UK and Ireland hospitality sectors. Operating under the Matthew Clark, Bibendum, Tennent’s and C&C Gleeson brands, the C&C Group supplies over 35,000 pubs, bars, restaurants and hotels, and is a key route-to-market for major international beverage companies. C&C Group also has a minority investment in the Admiral Taverns tenanted pub group, which owns over 1,000 pubs across England and Wales.
