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Fri 29th Mar 2019 - Fuller’s re-jigs executive roles after the sale of its beer division
Fuller’s re-jigs executive roles after the sale of its beer division: Fuller’s has announced changes in senior positions in the wake of sale of beer division to Asahi for £250m. Simon Dodd, Jonathan Swaine and Richard Fuller will step down from executive positions during the course of 2019 and early 2020. The company stated: “The Nominations Committee has taken the opportunity represented by the disposal and these board changes to review the composition of the board as a whole and, in particular, its executive functions. The disposal of the Fuller’s Beer Business will result in the role of managing director of The Fuller’s Beer Company becoming redundant and there no longer being the requirement for a separate managing director for Fuller’s Inns. The role of corporate affairs director will also become redundant as it has largely focussed on liaising with national and international governmental and non- governmental bodies associated with the brewing industry. Accordingly, subject to completion of the disposal: Simon Dodd will resign as managing director of The Fuller’s Beer Company and as a director of the company on 30 April 2019; Jonathon Swaine will resign as managing director of Fuller’s Inns and as a director of the company on 11 October 2019; and Richard Fuller will resign as corporate affairs director on 31 January 2020, but will remain on the board as a non-executive director. Fred Turner (currently heading the tenanted division of the company) will be appointed as the company’s retail director responsible for the managed division of Fuller’s Inns and will join the board as an executive director on 1 June 2019.” The changes come after the Competitions and Markets Authority confirmed it has no further questions over the sale of the beer division.



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