Fuller, Smith & Turner PLC (LON:FSTA) is looking for a new finance director after the London-based brewer and pub company revealed that James Douglas has decided to step down from that position and will retire from its board in December 2018.
In a statement, the FTSE SmallCap firm said Douglas and his family are moving to Germany, where his wife, Dr Anke Hoeffler, has been awarded a prestigious Humboldt Professorship.
READ: Fuller's makes good start to current year benefitting from prolonged summer weather, England’s World Cup performance
The London Pride ale group added that the search for a replacement is underway and it will keep shareholders updated.
The Chiswick brewer’s chairman Michael Turner commented: “The Board at Fuller’s would like to thank James for his contribution to Fuller’s success during the last 11 years. James has been a valued and supportive member of the Board.”
Douglas added: “I have thoroughly enjoyed my time at Fuller’s – it is a truly great business with an exciting future.”
Back at the end of July, Fuller’s said it has made a good start to the new financial year benefitting from the prolonged summer weather and feel-good factor of England’s World Cup performance.
In a trading statement for the 16 weeks from 1 April to 21 July 2018, the company said like-for-like (LFL) sales in its Managed Pubs and Hotels rose 4.0%, which was particularly pleasing against a strong comparative of 6.6% for the same period in the prior year.