The retirement of Drambuies chairman has prompted a change of CEO

The retirement of Drambuie's chairman has prompted a change of CEO

Drambuie has announced a change of CEO, following the retirement of its non-executive chairman Richard Stone.

The UK-based spirits company said yesterday (24 May) that Phil Parnell, who has been CEO for five years, will replace Stone as chairman. Michael Kennedy, formerly regional director for Southern Europe, global travel retail and Latin America, takes over from Parnell in the CEO role.

Also, former ICI chief executive Brendan O’Neill will come on-board as a non-executive director. In addition to his overall board responsibilities, O’Neill will be responsible for the company’s audit and remuneration committees.

Finally, Jonathan Brown, Drambuie’s regional sales director for Northern and Eastern Europe since 1994, has been appointed as a director.

Late last year, Drambuie posted a slight dip in sales in the year to the end of June, as its namesake liqueur brand struggled to regain ground lost during the height of the global economic crisis.