IN BRIEF: AG Barr chair departs to concentrate on leading Hilton Foods

AG Barr PLC - soft drinks maker under IRN-BRU, Rubicon, Boost and Funkin brands - Non-Executive Chair Mark Allen leaves board on Thursday to focus on his expanded role at Hilton Food Group PLC, where he recently moved to executive chair from non-executive. Senior Independent Director Susan Barratt has been appointed interim chair while the AG Barr board begins the search for a permanent successor. Non-Executive Director Louise Smalley takes over as senior independent director during the interim period. Allen, who served as chair for five years, says AG Barr is ‘in great shape’ as he hands over responsibilities. Allen stepped up to executive chair of Hilton Food in November, after Steve Murrells left immediately as chief executive officer following a profit warning by the Huntingdon, England-based food packaging firm.

AG Barr will provide a trading update on February 3 for its financial year that ends on January 31. Its full annual results will be released in March.

Current stock price: 632.00 pence, up 0.6% in London on Thursday morning

12-month change: up 9.7%

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