REG - Gusbourne PLC - Board Change

GusbourneAnnouncement

27/06/2023 07:15

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RNS Number : 9708D  Gusbourne PLC  27 June 2023

Gusbourne PLC

("Gusbourne or the Company")

Board Change

Gusbourne Plc, (AIM: GUS) the English sparkling wine producer today announces
that Charlie Holland will be stepping down as Chief Executive Officer with
effect from 6th September 2023.

The Board will now begin the search process for a new Chief Executive Officer,
and a further announcement will be made in due course.

Charlie has decided, after 10 years with the Company to take up a new role as
Winemaker at Jackson Family Wines, a globally renowned wine producer. Charlie
will continue with his current role until 6(th) September 2023 and thereafter
will be retained by the Company as a part time consultant for a limited period
to assist the wine making team during the 2023 harvest and other winemaking
matters.

Jon Pollard, our Chief Vineyard Manager and Chief Operating Officer, will
continue to oversee harvest operations and the supply of Gusbourne's high
quality grapes which are the bedrock of Gusbourne's premium vintage wine
products. As part of long-term succession planning Charlie has recruited and
trained a high performing, talented and experienced winemaking team of four
people with over 16 years of combined experience in making Gusbourne wines.
The production of Gusbourne's sparkling wine remains a long term process and
the Company has wine inventories in its cellars to support over four years of
future sales.

Charlie Holland, CEO, said:

"It is with great sadness that I will be leaving Gusbourne.  It has been an
amazing ten years during which we have forged a wonderful Gusbourne culture,
established an experienced and collaborative team to help drive further
business growth, and made many award winning wines.  I am sure the Gusbourne
team will continue to excel and build upon the achievements of the last
decade".

Jim Ormonde, Chairman, said:

"We are enormously grateful to Charlie Holland for his invaluable service over
the last ten years and we wish him well in his future role. He has led the
business and built up a highly talented team in all key areas of the Company
through a period of significant growth and strategic progress. He has also
further developed and enhanced Gusbourne's luxury brand status with a growing
range of highly acclaimed and award-winning products."

 

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 / 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.

 

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.

 

 

 

 

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