Young & Co's Brew. Directorate change
January 25 2017 - 4:12AM
UK Regulatory
TIDMYNGA
This announcement contains inside information
Young & Co.'s Brewery, P.L.C.
Board Changes
Young & Co.'s Brewery, P.L.C. ("Young's" or the "Company")
announces that Nick Bryan is to stand down as Non-Executive
Chairman and will retire from the Board at the end of the current
financial year on 3rd April 2017. He will be succeeded in this role
by Stephen Goodyear. Nick Miller will join the Board as a
Non-Executive Director on 4th April 2017, being the first day of
the new financial year.
Nick Bryan will have served as Non-Executive Chairman for six
years, since July 2011, having joined the Board as a Non-Executive
Director in 2006.
Stephen Goodyear was Chief Executive of Young's from 2003 to
July 2016, at which point he stood down from that role and became a
Non-Executive Director, to be succeeded by Patrick Dardis. He
originally joined Young's in 1995, having previously worked for
Courage Ltd for 21 years in a number of senior positions. In 2013
he was elected as Master of the Brewers' Company, one of the oldest
Livery Companies in the City of London.
Nick Miller has a wealth of experience in the hospitality,
leisure and brewing sectors. Most recently he was CEO of Meantime
Brewing Company, from 2011 to March 2016. He was previously
Managing Director of Miller Brands, the UK arm of SAB Miller, the
multinational brewing and beverage company.
Nick Bryan said:
"It has been a privilege to be Chairman of Young's during a
period when the Company has cemented itself as a leader in our
sector.As a Board, we have been planning carefully for my
succession and, having overseen Patrick Dardis assume the CEO role
last July, I feel that this year is the right time for me to stand
down.
"There are few people with as much knowledge of, and passion
for, our company and industry as Steve Goodyear.In the past seven
months he has adapted very effectively to a non-executive role and
I am delighted that, with the full support of the Board, he will be
taking over as Chairman.
"Nick Miller has an excellent reputation in our industry and has
achieved a great deal at both Meantime and SAB Miller.He will bring
a strong and valuable external perspective to the Board.
"Taken together, the Board changes of recent months represent a
very smooth succession.They will enable Young's to move forward
seamlessly, with an experienced and well-balanced Board and one
that reflects the unique heritage and character of the business
which is so central to our success."
Patrick Dardis, Chief Executive of Young's, said:
"Nick Bryan has played a very important part in guiding Young's
to where we are today. We are all very grateful for his
contribution, especially for his leadership since 2011, and for the
far-sighted manner in which he has overseen the Board changes of
the past year.
"With his intimate knowledge of Young's, Steve will be a
first-rate successor as Chairman.I very much look forward to
working with him in that new role, and with Nick Miller when he
joins us."
- Ends -
Anthony Schroeder, Company Secretary
Wednesday, 25 January 2017 (9:10GMT)
Tel: 020 8875 7000
Enquiries:
Young & Co.'s Brewery, P.L.C. 020 8875 7000
Nicholas Bryan, Chairman / Patrick
Dardis, Chief Executive
MHP Communications 020 3128 8100
John Olsen / James White / Gina Bell
youngs@mhpc.com
J.P. Morgan Cazenove (AIM nominated adviser) 020 7742 4000
James Mitford / Behzad Arbabzadah
Notes:
Nick Miller's full name is Nicholas Brian Miller and he is 51
years old. The only matters which require disclosure in relation to
him in accordance with rule 17 of, and paragraph (g) of Schedule
Two to, the AIM Rules are the following:
1. he is currently a director of Fiery Goat Limited (Co. No.
9853426), NASGM Investments Limited (Co. No. 9643818) and One
Rosebery Road Limited (Co. No. 10147371); and
2. in the previous five years, he was a director of Meantime
Brewing Company Limited (Co. No. 3748390) and Meantime Brewing
Company (Retail) Limited (Co. No. 4286540).
View source version on businesswire.com:
http://www.businesswire.com/news/home/20170125005432/en/
This information is provided by Business Wire
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