Young & Co's Brewery PLC
18 March 2003
18th March 2003
Board changes
The Board of Young & Co's Brewery P.L.C. is pleased to announce today that
Stephen Goodyear is to succeed Patrick Read as Chief Executive with effect from
15 July 2003, following Mr Read's retirement at the conclusion of the Company's
Annual General Meeting.
Stephen Goodyear, 47, is currently sales and marketing director of Young's. He
joined the company in 1995 as sales director, joining the board and taking up
his current role in 1996. Prior to joining Young's, Stephen worked for Courage
Ltd from 1974 to 1995, where he held a number of senior sales roles, most
recently business unit director.
Patrick Read, 61, has been with Young's since 1968, when he joined the company
to develop the managed houses side of the business. He joined the board in 1976
and was appointed managing director in 1989 before assuming the title of chief
executive in 1999. Patrick Read will be retiring from the board and the Company
following the conclusion of the Young & Co.'s Brewery P.L.C. annual general
meeting on 15 July 2003.
John Young, Chairman of Young's commented:
'I would like to take this opportunity to thank Patrick Read for everything he
has done for Young's over the past 35 years, a period that has seen enormous
changes to both the brewing sector and also to Young's. His leadership, good
humour and passion for the business will be long remembered and we wish him
every happiness in his well deserved retirement. In Stephen Goodyear we believe
we have an excellent successor as Chief Executive. Stephen has already made a
significant contribution to Young's since he joined us in 1995 and we look
forward to working with him in the continued development of the business in the
years ahead.'
There are no other details to disclose under paragraph 6.F.2 (b-g) of the
Listing Rules.
- Ends -
For further information, please contact:
Christopher Sandland, Director and Company Secretary
Young & Co's Brewery P.L.C. 020 8875 7000
James Longfield/Chelsea Hayes
Hogarth Partnership Limited 020 7357 9477
This information is provided by RNS
The company news service from the London Stock Exchange
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