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Gusbourne PLC - sparkling wine maker in Kent and West Sussex, England - Three board members step down, while Chief Financial Officer Katharine Berry joins. Founder Andrew Weeber retires as non-executive director, effective immediately. Weeber planted the first vines for Gusbourne after purchasing the Appledore estate in Kent in 2003. Additionally, Jon Pollard, the 'guardian of the vines', leaves the board but remains as chief operating officer. CFO Berry joined Gusbourne in August last year.
Finally, Paul Bentham retires as a non-executive director, after 10 years on the board, but will remain a shareholder. He has a 3.0% stake, according to Morningstar, while Weeber has a 4.5% holding. The company is controlled by Michael Ashcroft, with a 66% stake.
"Gusbourne has achieved a lot under the support and guidance of the board and with strong foundations in place, now is the right time to operate with a smaller, more focused board," explains Chair Jim Ormonde.
Current stock price: 70.30 pence
12-month change: down 1.7%
By Tom Waite, Alliance News editor
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