Adnams has announced Dr Andy Wood OBE DL will retire from his role as chief executive at the end of 2024.
The brewer, distiller, and pub operator announced the news as part of its ongoing long term succession planning, which will see Wood continue in his role as CEO and director over the coming 18 months to ensure a smooth transition.
A succession process, led by senior non-executive director Steven Sharp, will consider both internal and external candidates, with a further announcement to be made when appropriate.
During Wood’s tenure, Adnams made “considerable progress” adapting to a rapidly changing marketplace and extending its brand and sales presence into new markets, including distilling, retail, export, and hospitality.
The company also renewed its infrastructure in respect of brewing, distribution, and IT.
Jonathan Adnams OBE, chairman, said: “On behalf of the Board and all stakeholders, I would like to thank Andy for his continuing dedication and support and his commitment to ensuring there is a full handover to his successor, once appointed.”
Dr Andy Wood OBE DL, CEO, said: “It has been a privilege to lead Adnams, a company defined by its values, for almost 20 years. Clearly, whilst we plan for a successor there is much work to do to ensure the Company is well placed to grow and succeed for another 150 years.”
