Tuesday 23 January 2018

Bulmers maker C&C appoints interim CFO with immediate effect

C&C has appointed Jonathan Solesbury as interim group CFO
C&C has appointed Jonathan Solesbury as interim group CFO
Ellie Donnelly

Ellie Donnelly

Bulmers maker C&C has appointed Jonathan Solesbury as interim group Chief Financial Officer for a period of 12 months effective today.

In June Kenny Neison resigned from the CFO position at C&C with immediate effect, citing personal reasons. Mr Neison had been at C&C for about nine years prior to his resignation.

Mr Neison’s replacement is a former SABMiller director of group finance.

Read more: Brexit a worry, C&C says ahead of its AGM

Mr Solesbury has also held a number of other senior roles during his 22 year tenure with the global drinks company, including responsibility for continuing the growth of the Asian business, whilst establishing and consolidating leading positions in China and India.

He later oversaw the acquisition and subsequent integration of SABMiller’s Colombian business and transformation programme in Latin America.

Mr Solesbury served the company as an executive director on many Boards across multiple jurisdictions and as CFO for the Latin American and Asian regions.

"Mr Solesbury brings broad, deep sector expertise and provides continuity to our finance function.

His experience and track record will enable him to immediately contribute to the capital allocation decision making process and our strategic direction," Stephen Glancey, CEO at C&C, said.

The process to recruit a permanent CFO at C&C is ongoing the company said.

In July this year C&C warned about the impact of Brexit, saying that if the current exchange rates continue, financial performance for the year would be negatively impacted on account of currency movements.

In addition C&C described market trade in Ireland as "subdued" with beer and cider segments recording declines.

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