Business Irish

Thursday 17 August 2017

New chief operating officer appointed at Bulmers maker

Bulmers
Bulmers

C&C, the group behind brands such as Bulmers and Magners, has appointed Andrea Pozzi as its chief operating officer.

Pozzi, who has previously worked at Carlsberg Group, Brasseries Kronenbourg, and Masterfoods, will assume responsibility for the company’s manufacturing, logistics, procurement and IT with immediate effect.

He will also continue his current role leading the group in Great Britain.

In May this year the company, which has manufacturing operations in Tipperary, said that the impact of the devaluation of sterling following the Brexit vote had cost it €8m in the eight months following the UK’s decision to leave the EU.

Operating profit at the company for year-ended February 28, 2017 was €95m, in line with the previous year, while its earnings before interest, taxation, depreciation, and amortization was down 3.1pc to €110m in the twelve months to February 28, 2017.

During its last financial year to February 28, 2017, C&C completed its €17m investment programme at its Clonmel facility, and confirmed that its production rationalisation programme delivered €15m in cost savings.

Bloomberg

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