Magners and Bulmers owner C&C Group PLC (LSE:CCR) gained on Thursday after unveiling AG Barr’s former head as chief executive after its last boss quit following a string of costly accounting errors.
Roger White, who headed the Irn Bru maker for over two decades, will take the helm in January after former chief executive Patrick McMahon abruptly left earlier this year.
McMahon’s departure had followed a string of errors that forced C&C to register €17 million in retrospective charges as three years worth of accounts were restated.
Interim boss Ralph Findlay will resume the role of non-executive chair as a result.
“It is an exciting time to be joining the business,” White commented.
“C&C has a unique business model, great brands and a committed team, with the potential to create significant long-term value.”
Shares moved 0.7% higher on Thursday.