Retirement of Chair of the Board

RNS Number : 9687J

Fevertree Drinks PLC

03 May 2022

 

3 May 2022  

Fevertree Drinks plc

 ("Fever-Tree" or the "Company")

Retirement of Chair of the Board

Fever-Tree, the world's leading supplier of premium carbonated mixers, announces that Bill Ronald has informed the Board of his intention to retire from his role as Chairman and to step down from the Board at the time of the AGM in May 2023. Bill was appointed to the Board as Chairman in June 2013 ahead of the Company's IPO in November 2014.

The Nomination Committee, led by Coline McConville, Senior Independent Director, will initiate a process to identify and appoint his successor and a further announcement will be made in due course. Bill will remain in his position until the AGM in 2023 to facilitate effective succession planning.

Tim Warrillow, Co-Founder & Chief Executive Officer, commented: "On behalf of the Company, I would like to thank Bill for his commitment and dedication to Fever-Tree over the past nine years in which time he has made a real and lasting contribution to our success. I have always greatly appreciated his passion for the business and his unwavering good nature and whilst I look forward to 12 more months of working closely together, he will be much missed."

Bill Ronald, Chairman, commented: "It has been a privilege to serve as Chairman of Fever-Tree during a truly transformative time for the brand. There is a fantastic team in place across the globe, and I have no doubt it has a hugely exciting future ahead of it."

Ends

For further information:

Investor queries

Ann Hyams, Director of Investor Relations I [e-mail] I [phone]

Media queries

Oliver Winters, Director of Communications I [e-mail] I [phone]

Nominated Advisor and Joint Broker - Numis Securities

Matt Lewis I Hugo Rubinstein I [phone]

Joint Broker - Investec Bank plc

David Flin I Alex Wright I [phone]

Financial PR advisers - Finsbury Glover Hering

Faeth Birch [phone] I Anjali Unnikrishnan [phone]

Notes to Editors:

Fever-Tree is the world's leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, with distribution to over 80 countries worldwide. Based in the UK, the brand was launched in 2005 to provide high quality mixers which could cater to the growing demand for premium spirits, in particular gin, but also increasingly for vodka, rum and whisky. The Company now sells a range of carbonated mixers to hotels, restaurants, bars and cafes ("On Trade") as well as selected retail outlets ("Off Trade").

 

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