REG - Gusbourne PLC - Board Change and Appointment of Interim CEO

GusbourneAnnouncement

06/09/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230906:nRSF4807La&default-theme=true

RNS Number : 4807L  Gusbourne PLC  06 September 2023

6 September 2023

 

Gusbourne PLC

("Gusbourne" or the "Company")

Board Change and Appointment of Interim Chief Executive Officer

 

Gusbourne PLC, (AIM: GUS) the English sparkling wine producer, today announces
that Mike Paul, a Non-Executive Director who has sat on the main PLC Board for
several years and who has significant international wine industry experience,
has been appointed as Interim Chief Executive Officer (CEO) of the Company. As
announced on 27 June 2023, Charlie Holland will step down as CEO and has
resigned as a director of the Company as of today. Charlie will be retained as
a consultant to the wine-making team for a limited period to assist with a
smooth handover of all aspects of wine production, including the upcoming
harvest.

Mike Paul has been a Non-Executive Director at Gusbourne for six years. He has
over 30 years' experience in the wine industry in the UK and overseas and was
involved for a decade with Wine GB, the organisation which represents UK wine
producers. Mike has worked closely with the executive team over many years,
advising on the Company's premium brand positioning, sales proposition and
marketing strategy. Mike also currently sits on the Executive Committee. The
Board believes his in-depth knowledge of the business and the wider industry
makes him ideally placed to support the Company's executive team as the search
for a new Chief Executive Officer is brought to a conclusion.

 

Jim Ormonde, Chairman, said:

"Mike was an obvious choice to support our experienced management team as
Interim CEO whilst we complete our process to appoint a new permanent Chief
Executive. On the wine-making side of the business, succession planning was
always an important part of Charlie's brief and we are appointing our new Head
Winemaker from within our existing, talented team.

We wish Charlie well in his future role and remain enormously grateful to him
for his invaluable service over the last ten years. He leaves a legacy of
excellent vintage wine in the cellar which our customers will enjoy drinking
for many years to come, together with a hugely capable senior management team
who continue to be fully focused on the development and growth of the
Company."

 

Enquiries:

 Gusbourne Plc
 Katharine Berry, CFO                                       +44 (0)12 3375 8666
 Phil Clark, Investor Relations
 Panmure Gordon (UK) Limited (Nomad and Sole Broker)
 James Sinclair-Ford / Ailsa Macmaster / Lauren Riley       +44 (0)20 7886 2500
 Hugh Rich
 Media
 Kate Hoare / Ben Robinson / India Spencer (Houston)        +44 (0)20 4529 0549

 gusbourne@houston.co.uk (mailto:gusbourne@houston.co.uk)

Note: This and other press releases are available at the Company's
website: www.gusbourneplc.com (http://www.gusbourneplc.com/)

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the
Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication
of this announcement, this information is now considered to be in the public
domain. The person responsible for arranging for the release of this
announcement on behalf of Inland Homes plc is Katharine Berry, CFO.

 

Note to Editors

Gusbourne produces and distributes a range of high quality and award winning
vintage English sparkling wines from grapes grown in its own vineyards in Kent
and West Sussex.

 

The Gusbourne business was founded by Andrew Weeber in 2004 with the first
vineyard plantings at Appledore in Kent. The first wines were released in 2010
to critical acclaim. Following additional vineyard plantings in 2013 and 2015
in both Kent and West Sussex, Gusbourne now has 93 hectares of mature
vineyards. The NEST visitor centre was opened next to the winery in Appledore
in 2017, providing tours, tastings and a direct outlet for our wines.

 

Right from the beginning, Gusbourne's intention has always been to produce the
finest English sparkling wines. Starting with carefully chosen sites, we use
best practice in establishing and maintaining the vineyards and conduct green
harvests to ensure we achieve the highest quality grapes for each vintage. A
quest for excellence is at the heart of everything we do. We blind taste
hundreds of samples before finalising our blends and even after the wines are
bottled, they spend extended time on their lees to add depth and flavour. Once
disgorged, extra cork ageing further enhances complexity. Our winemaking
process remains traditional, but one that is open to innovation where
appropriate. It takes four years to bring a vineyard into full production and
a further four years to transform those grapes into Gusbourne's premium
sparkling wine.

 

Gusbourne's luxury brand enjoys premium price positioning and is distributed
in the finest establishments both in the UK and abroad. Our wines can be found
in leading luxury retailers, restaurants, hotels and stockists, always being
aware that where we are says a lot about who we are.

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAUPUWPBUPWGRA