C&C Group chief executive Stephen Glancey has informed the board that he wishes to retire. The company, owners of Tennent Caledonian, stated, “He will step down as CEO with immediate effect and will be leaving the Company at the end of February. Stephen will, however, continue to be available to assist with effecting a smooth handover. A search for Stephen’s successor will commence shortly. Stewart Gilliland has been appointed interim Executive Chairman with immediate effect to ensure continuity of executive leadership.”
Stewart Gilliland, interim executive chairman, added, “The board would like to thank Stephen for his significant contribution to C&C over many years. The company is well positioned to continue to implement its established strategy to deliver value for shareholders and Stephen will continue to be available to help facilitate a smooth handover.”