Directorate Change

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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