Global premium spirits business and independent family distillers, William Grant & Sons has today confirmed that Chief Executive, Stella David, has decided to step down as CEO at the end of February 2016 and will be succeeded by current Chief Commercial Officer, Simon Hunt.
Ms. David joined William Grant & Sons in August 2009 and has overseen impressive growth of the company’s award-winning portfolio of brands. She has decided it is now the time in her career to focus on building upon her existing portfolio of non-executive directorships.
Since joining the global spirits business and independent family distillers, Ms David has overseen the acquisition of Tullamore D.E.W. Irish Whiskey and Drambuie, the iconic Scotch whisky liqueur brand, and delivered exceptional results for the business, with great growth of brands such as Hendrick’s gin and The Balvenie single malt Scotch whisky.
Glenn Gordon, William Grant & Sons Chairman, said: “We are all very grateful for Stella’s enormous contribution to the business in recent years. In particular, she has brought an exceptional level of energy and drive to our business, while significantly enhancing the premiumness of our brands and their appeal to consumers. This has evidenced itself both in the company’s results and the overall progress of the business in terms of the depth of talent we are privileged to have and the amount of passion that is felt all over the company.
Stella David said: “I am immensely proud of my time at William Grant & Sons and there is no doubt that there is a huge amount I am going to miss about the company. It has been an incredible journey, with a focus on building brands, planning for the long term, working with a talented array of people and very supportive family shareholders. I wish the company every success for the future.”
Simon Hunt has been with William Grant & Sons since October 2007, initially as Managing Director, North America and in April 2013 he was promoted to Chief Commercial Officer. Mr Hunt will take over the role of Chief Executive on March 1st 2016 and Ms David will continue in an advisory capacity until the end of May.
Mr Hunt said: “I am delighted to be given the opportunity to lead the great team at William Grant & Sons and build on the strong momentum we have been achieving with our world class, premium brands.”
Ms David already holds non-executive positions on the board of C&J Clark Ltd and HomeServe plc and spent seven years as a non-executive director of Nationwide Building Society.
About William Grant & Sons
William Grant & Sons Holdings Ltd is an independent family-owned distiller headquartered in the United Kingdom and founded by William Grant in 1887. Today, the global premium spirits company is run by the fifth generation of his family and distils some of the world’s leading brands of Scotch whisky, including the world’s most awarded single malt Glenfiddich®, The Balvenie® range of handcrafted single malts and the world’s third largest blended Scotch, Grant’s®, as well as other iconic spirits brands such as Hendrick’s® Gin, Sailor Jerry®, Tullamore D.E.W.® Irish Whiskey and Drambuie®.