IMMEDIATE
RELEASE
1 February 2024
A.G. BARR p.l.c.
("A.G. BARR" or the
"Group")
A.G. BARR is a
branded multi-beverage business with a portfolio of market-leading
UK brands, including IRN-BRU, Rubicon, FUNKIN and Boost.
Board succession
announcement
The Board of Directors (Board)
of A.G. BARR p.l.c. is pleased to announce the
appointment of Euan Sutherland as the Group's Chief Executive
Officer with effect from 1 May 2024.
Euan has a wealth of consumer goods experience,
having led major consumer-facing businesses through periods of
significant growth, both in the UK and internationally. He has an
excellent track record in delivering sustainable growth
based on consumer insight, innovation and digital
capability, while improving efficiency and profitability through
major transformation programmes. He was most recently
Group CEO of Saga plc, the UK's specialist products and service
provider for people aged 50 and over, having
previously been CEO of Superdry plc, The Co-op Group and Group COO
of Kingfisher plc. Euan has a background in global
fast-moving consumer goods brands, including Mars and Coca-Cola,
plus eight years on the board of Britvic plc as a non-executive
director.
As announced in August last year, Roger White
will step down from the Board at the end of April 2024 and will
remain available until the end of July to support a smooth
leadership transition as planned.
Mark
Allen, Chair of A.G. Barr, commented "It has been a great pleasure working with Roger, who has
successfully led the business for over two decades and delivered
significant value to shareholders, stakeholders and employees. We
wish him well in the future. On behalf of the Board, I am delighted
that Euan is joining A.G. BARR. He has substantial experience
across several consumer-facing businesses and will be a strong
addition to the Board. He is well placed to lead A.G. BARR through
the next exciting phase of its development and to ensure the
continued long term success of the business."
Euan
Sutherland commented "I am very
excited to join A.G. BARR, which has a unique heritage, strong
culture and exceptional brands. I look forward to working with the
Board and the wider business to continue to deliver significant
value to shareholders, stakeholders and employees for the long
term."
No other information is required to be
disclosed pursuant to Listing Rule 9.6.13R in relation to Euan
Sutherland's appointment as the Group's Chief
Executive Officer.
For more
information, please
contact:
A.G.
BARR 0330 390
3900
Instinctif Partners
020 7457 2020
Mark Allen,
Chair
Justine Warren
Matthew Smallwood