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Anora Group CEO to depart

Jacek Pastuszka, the CEO of Anora Group, will resign and retire from the company once a replacement has been appointed.

Jacek Pastuszka
Jacek Pastuszka was appointed CEO just over a year ago

Pastuszka took up the position of CEO of Anora Group in October 2023, when he replaced Pekka Tennilä.

Pastuszka’s previous experience included working for the Carlsberg Group, where he was executive vice-president for Western Europe, and a member of the company’s executive committee.

Anora Group’s board of directors will start recruiting for a new CEO.

The Nordic spirits producer’s portfolio includes Koskenkorva Vodka.

In August, Helsinki-headquartered Anora Group released its financial results for the first half of 2024. During this period, the company experienced a 5.3% drop in sales, impacted by challenges in Finland.

From January to June 2024, Anora Group’s net sales resulted in €324 million (US$359m), down from €342.2m (US$379.1m) during the same period in 2023.

Pastuszka said when the results were announced: “During the second quarter, we stayed firmly on the course of improving our profitability and strengthening the balance sheet by increasing the share of margin accretive businesses, price increases, cost efficiencies and net working capital reduction. Also, lower raw material prices supported our performance.”

Earlier this year, The Spirits Business took a deep dive into the Nordics region to discover trends and pockets of opportunities in the market.

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