REG - Gusbourne PLC - Board Changes and CEO Designate Appointment

GusbourneAnnouncement

17/01/2024 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:20240117:nRSQ9141Za&default-theme=true

RNS Number : 9141Z  Gusbourne PLC  17 January 2024

17 January 2024

 

Gusbourne PLC

("Gusbourne" or the "Company")

Board Changes and Chief Executive Officer Designate Appointment

 

Gusbourne Plc, (AIM: GUS) the English sparkling wine producer today announces
that Jonathan White, has today been appointed as Chief Executive Officer
designate, following a rigorous internal and external search process.

Gusbourne is delighted to have promoted internally, with Jonathan having
worked at Gusbourne since 2018. Jonathan is currently Marketing Director and
during his tenure with the business he has been instrumental in the careful
development and global expansion of the Gusbourne brand and establishment of a
market-leading cellar door and direct to consumer sales channel. Prior to
Gusbourne, Jonathan gained wine industry experience at independent wine
distributor Armit Wines and at world-renowned wine and spirits merchant Berry
Bros. & Rudd.

In addition, the Company has reorganised responsibilities across the
leadership team. Simon Bradbury will be appointed as Chief Commercial Officer,
previously being Global Sales Director. Simon will be responsible for direct
to consumer, alongside his existing responsibility for Trade, Corporate and
International Sales. Katharine Berry, Group Chief Financial Officer, will take
on responsibility for vineyard and wine operations alongside her existing
remit covering Finance, HR and IT.

It is intended that both Jonathan and Simon will join the board as executive
directors following satisfactory completion of regulatory due diligence by the
Company's Nominated Adviser at which stage a further announcement will be
made. Mike Paul, who has been Interim Chief Executive Officer for the last
five months will resume his role as non-executive director.

 

Jim Ormonde, Chairman, said:

"The Board are delighted to appoint Jonathan as CEO.  In the five and a half
years he has worked at Gusbourne, he has shown real passion and commitment to
building the Gusbourne brand into one of the UK's most prestigious wine
brands.  He brings an in-depth knowledge and understanding of the business
along with great leadership qualities and significant wine industry
experience.

"The Board would like to thank Mike Paul for his wise counsel as Interim CEO
and supporting the ongoing strategic progress of the Company."

 

Enquiries:

 Gusbourne Plc
 Jonathan White, CEO                                        +44 (0)12 3375 8666

 Katharine Berry, CFO
 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 / Rauf Munir
 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.

 

 

 

 

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  BOADZGMMGVZGDZZ