C&C Group, the company behind cider brands Magners and Bulmers, has announced that its CEO Stephen Glancey has stepped down with immediate effect.

The company notes that Glancey discussed with the board, where he informed them he would like to retire as the CEO.

Stephen will be leaving the company by the end of February to ensure a smooth leadership transition.

C&C Group will soon begin the search for the successor of Stephen Glancey. It has appointed Stewart Gilliland as the interim executive chairman with immediate effect.

Stewart Gilliland said: “The Board would like to thank Stephen for his significant contribution to C&Cover 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.”

Headquartered in Dublin, Ireland, C&C Group is engaged in the production of alcoholic and non- alcoholic drinks.

Its portfolio includes Irish cider brand Bulmers, Scottish beer brand Tennent’s, international cider brand Magners as well as a range of craft ciders and beers, such as Heverlee, Menabrea and Orchard Pig.

C&C Group also holds a minority stake in the Admiral Taverns tenanted pub group, which owns more than 1,000 pubs across England and Wales, as well as exports Magners and Tennent’s brands to 60 countries worldwide.