REG - Barr(A.G.) PLC - Board succession announcement

A G BarrAnnouncement

01/02/2024 07:15

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RNS Number : 6031B  Barr(A.G.) PLC  01 February 2024

 

IMMEDIATE
RELEASE
                         1 February 2024

 

A.G. BARR p.l.c.

("A.G. BARR" or the "Group")

 

A.G. BARR is a branded multi-beverage business with a portfolio of
market-leading UK brands, including IRN-BRU, Rubicon, FUNKIN and Boost.

 

Board succession announcement

 

The Board of Directors (Board) of A.G. BARR p.l.c. is pleased to announce the
appointment of Euan Sutherland as the Group's Chief Executive Officer with
effect from 1 May 2024.

 

Euan has a wealth of consumer goods experience, having led major
consumer-facing businesses through periods of significant growth, both in the
UK and internationally. He has an excellent track record in delivering
sustainable growth based on consumer insight, innovation and digital
capability, while improving efficiency and profitability through major
transformation programmes. He was most recently Group CEO of Saga plc, the
UK's specialist products and service provider for people aged 50 and over,
having previously been CEO of Superdry plc, The Co-op Group and Group COO of
Kingfisher plc. Euan has a background in global fast-moving consumer goods
brands, including Mars and Coca-Cola, plus eight years on the board of Britvic
plc as a non-executive director.

 

As announced in August last year, Roger White will step down from the Board at
the end of April 2024 and will remain available until the end of July to
support a smooth leadership transition as planned.

 

Mark Allen, Chair of A.G. Barr, commented "It has been a great pleasure
working with Roger, who has successfully led the business for over two decades
and delivered significant value to shareholders, stakeholders and employees.
We wish him well in the future. On behalf of the Board, I am delighted that
Euan is joining A.G. BARR. He has substantial experience across several
consumer-facing businesses and will be a strong addition to the Board. He is
well placed to lead A.G. BARR through the next exciting phase of its
development and to ensure the continued long term success of the business."

 

Euan Sutherland commented "I am very excited to join A.G. BARR, which has a
unique heritage, strong culture and exceptional brands. I look forward to
working with the Board and the wider business to continue to deliver
significant value to shareholders, stakeholders and employees for the long
term."

 

No other information is required to be disclosed pursuant to Listing Rule
9.6.13R in relation to Euan Sutherland's appointment as the Group's Chief
Executive Officer.

 

For more information, please
contact:

 

A.G. BARR  0330 390
3900
              Instinctif Partners  020 7457 2020

Mark Allen,
Chair
     Justine Warren

 
     Matthew Smallwood

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