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Borco’s managing director global business resigns

Kay Engelke-Engfeld will step down as managing director global business and chairman of the management board at family-owned Borco at the end of September.

Kay Engelke-Engfeld will leave Borco on 30 September

Engelke-Engfeld has worked for the Hamburg-based company since October 2014 when he joined as global business development director. In this role, he was responsible for managing the global export and travel retail business, and was tasked with growing the market position of Borco brands abroad, including Sierra Tequila, Finsbury London Dry Gin and Canarío Cachaça.

Engelke-Engfeld was promoted to managing director global business and chairman of the management board in April 2019. He will leave the firm on 30 September.

Dr Tina Ingwersen-Matthiesen, shareholder and member of the Borco owner family Matthiesen, said: “I deeply regret that Kay is resigning from our management board and I am very sad about this decision. I would like to express my sincere thanks for his excellent work and both his extraordinary and dedicated commitment over the past six years. With remarkable passion and a special feeling for brands, the people behind them and their different consumer cultures, he has been able to significantly advance our export business, which is very important for us.

“I look back with gratitude on incredibly exciting projects that we were able to work on together in the management team. At the same time, I wish him all the best for his new path.”

Markus Kohrs-Lichte, managing director of Germany and Austria, will look after Borco’s global business on an interim basis.

Engelke-Engfeld added: “The last years at Borco were an extraordinary journey on which many wonderful people accompanied me. There are exciting projects that I will remember with pleasure, but above all, the inspiring encounters with colleagues, partners and distributors from all over the world have shaped my time at Borco.”

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