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Berry Bros & Rudd CEO Dan Jago departs
Dan Jago has stepped down as CEO of wine and spirits merchant Berry Bros & Rudd after three years in the role.
Dan Jago has stepped down as CEO of Berry Bros & Rudd
A successor for Jago has not yet been appointed. In the interim, Lizzy Rudd, company chairman, will assume the position of executive chairman, supported by the executive board and management team.
Rudd said: “Over the past three years Dan Jago has made an extremely important contribution at Berry Bros & Rudd, introducing significant operational and commercial initiatives that have made us a much stronger organisation.
“With Dan having completed what he set out to achieve, the board and Dan have agreed that the time is now right for new leadership to guide the company through the next phase of growth.”
Before joining Berry Bros & Rudd, Jago was beer, wine and spirits director at UK supermarket Tesco. He was suspended from his role, along with two other executives, in 2014, as part of an inquiry into a £250 million (US$321.4m) profit black hole, but reinstated into his position the following year.
In 2016, he took over from Denis O’Flynn as chairman of the Wine & Spirit Trade Association (WSTA).
In 2017, Berry Bros & Rudd reported a 17% increase in full-year profits to £170.5m (US$220m) – boosted by a 12% surge in sales for the company’s spirits range.
Commenting on his departure, Jago said: “Leading Berry Bros & Rudd for the past three-and-a-half years has been a tremendous honour.
“We have achieved an enormous amount in that time and I’m grateful to everyone in the business for their hard work and commitment. I wish Berry Bros & Rudd all the very best in the years ahead.”