Board and Executive Leadership change
04/09/2024 07:00
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RNS Number : 7659C Chapel Down Group PLC 04 September 2024
Chapel Down Group Plc
('CDG' or 'the Company')
EPIC: CDGP
Board and Executive Leadership change
Chapel Down today announces that the Board has accepted Andrew Carter's
resignation as a Director and Chief Executive Officer of the Company. Andrew
will begin a new role as Chief Executive Officer at Timothy Taylor & Co
Ltd in 2025.
During his three years in role, Andrew has made a significant impact on the
growth of Chapel Down, refocussing the business on its vision of being
England's leading and most celebrated winemaker. Successfully leading the
market listing onto AIM, the market capitalisation has increased substantially
during the period of his leadership, driven by the development of the leading
brand in the English Wine industry. Andrew has built a high-performance
business culture with strong commercial and operations teams in place under an
experienced executive leadership team, who will continue to deliver the future
Chapel Down growth plans.
A recruitment process for the new CEO will commence shortly. Andrew will
continue to lead the business until this process is completed in first half of
2025.
Martin Glenn, Chair of Chapel Down, commented: "Chapel Down has enjoyed huge
success and celebrated several strategic milestones during Andrew's time as
Chief Executive and he should be very proud of what the business has achieved
and the top team he has developed around him. I and the Board have enjoyed
working with Andrew immensely and wish him every success in his new role
leading another iconic British brand. Chapel Down is the market leader in the
English wine industry which continues to enjoy exceptional growth, and the
team is highly motivated to execute the growth strategy and drive the
continued development of the world's newest global wine region from the
front."
Company Update
The strategic review of the options to fund Chapel Down's long term growth
plan announced on the 25 June 2024 is ongoing and the Company will provide a
further update in due course.
Contacts
Chapel Down Group plc Chairman
Martin Glenn Chief Financial Officer 01580 763 033
Rob Smith
Singer Capital Markets
Shaun Dobson Nominated Adviser and Broker 020 7496 3000
Tom Salvesen
Asha Chotai
James Todd
H/Advisors Maitland
Sam Cartwright 020 73795151
Jonathan Cook
About Chapel Down:
Chapel Down (AIM: CDGP) is England's leading and largest winemaker and the
power brand of English wine, the world's newest international wine region.
From its home in Kent in the heart of the Garden of England, Chapel Down
produces a range of sparking and still wines which consistently win
prestigious international awards for their quality. Chapel Down has over 1,000
acres of vineyards, of which 750 acres are fully productive.
Chapel Down's status as the most recognised English wine brand is supported by
its partnerships with flagship sporting and cultural events including Ascot,
The Boat Race and Pub in the Park, and Chapel Down is the 'Official Sparkling
Wine' of the England and Wales Cricket Board.
Chapel Down is listed on the London Stock Exchange's AIM and has over 10,000
retail investors who enjoy discounts on Chapel Down's wines, tours and
tastings at the brand's home at Tenterden in Kent, which each year attracts
c60,000 visitors.
Chapel Down is strongly committed to growing its business in balance with the
environment and sustainability is a strong, ongoing focus. The company is a
founding member of Sustainable Wines of Great Britain and practices
sustainable viticulture.
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