LONDON - Distil PLC (AIM: DIS), the owner of premium drinks brands such as RedLeg Spiced Rum and Blackwoods Gin, announced today that Roland Grain will step down from his role as a non-executive director on the Board effective from December 31, 2024. Grain’s departure is part of a broader move to focus on his majority-owned Ardgowan Distillery, which is transitioning to malt whisky production in Spring 2025.
Grain will maintain his investment in Distil, which is the second-largest investor in Ardgowan Distillery with a £3 million Convertible Loan Note. Distil’s investment also encompasses the development of the Blackwoods distillery and brand home at the Ardgowan site, with gin production already underway and the brand home set to open to the public in Spring 2025.
In light of the upcoming board vacancy, Distil has appointed Adebola Adebo, the current Finance Director, and Sarah Kingsbury, the Marketing Director, to the Distil PLC board effective from January 1, 2025. Both Adebo and Kingsbury have substantial experience in their respective fields and have been serving as directors of the subsidiary Distil Company Limited.
Adebola Adebo, aged 41, brings a background in finance and operations across various industries, including direct-to-consumer beverages and major retail logistics. Sarah Kingsbury, aged 33, has over 15 years of experience in the drinks industry, including roles in hospitality, drinks journalism, PR, and marketing.
Executive Chairman Don Goulding expressed gratitude for Grain’s contributions and welcomed the new board members. Goulding highlighted the anticipated benefits of Ardgowan’s transition to whisky production, not only for the investment in Ardgowan but also for the growth opportunities it presents for the Blackwoods brand.
The information on these directorate changes is based on a press release statement and is considered public domain. Distil PLC’s shares are traded on the AIM market of the London Stock Exchange (LON:LSEG).
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.