9 Nov 2015 15:58

9 November 2015
Stock Spirits Group PLC ("Stock Spirits")
Board Appointment,Appointment of Senior Independent Director andChange in the Composition of the Committees of the Board
Stock Spirits, a leading spirits business in Central and Eastern Europe, today announces the appointment of Miroslaw Stachowicz as an Independent non-Executive Director with immediate effect. Miroslaw (or "Mirek") joins the Audit and Remuneration Committees with effect from today.
Mirek currently serves as Non-Executive Vice-Chairman and Head of the Audit Committee of Harper Hygenics S.A. and Member of the Supervisory Board of CCC S.A., both listed on the Warsaw Stock Exchange. He also advises a number of other private equity investors and international companies. Prior to this, he led a highly international career working in consumer-facing companies and advising a number of multinationals on their market entry strategy into the CEE.
The Company is also pleased to announce that Andrew Cripps, who has served on the Board since the IPO in 2013, will become Senior Independent Director with effect from today.
Following Mirek's appointment, the Board of Stock Spirits now comprises two Executive Directors and three Independent non-Executive Directors plus the Chairman.
The Board has also refreshed the membership of the Committees of the Board. The composition of the Committees is now as follows:
· The Audit Committee continues to be chaired by Andrew Cripps and its members are John Nicolson and Mirek Stachowicz.
· The Remuneration Committee continues to be chaired by John Nicolson and its members are Andrew Cripps and Mirek Stachowicz.
· The Nomination Committee continues to be chaired by David Maloney and its members are Andrew Cripps and John Nicolson.
· The Disclosure Committee continues to be chaired by David Maloney and its members are Chris Heath, Lesley Jackson and Elisa Gómez de Bonilla.
David Maloney, Chairman, said: "We are delighted to welcome Mirek as a new member of our Board and are looking forward to working with him and benefiting from his extensive experience in our core geography".
Stock Spirits confirms that no further information is required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules of the UK Listing Authority in relation to the appointment of Miroslaw Stachowicz as a director of Stock Spirits Group PLC or the appointment of Andrew Cripps as Senior Independent Director.
ENDS
For further information:
Stock Spirits Group: | +44 (0) 1628 648 500 |
Elisa Gómez de Bonilla, Company Secretary | |
Bell Pottinger: Clinton Manning | +44 (0) 20 3772 2560 |
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