The search for a new CFO at C&C Group has come to an end, with Headlam CFO Adam Phillips set to join the company in April 2026.
Replacing outgoing CFO Andrew Andrea – who will start at pizza chain Domino’s on 16 March – Phillips will take the reins of C&C Group’s finances during a tough trading period for the group.
Forced to issue a profit warning in late January, C&C Group has been hit by consumers trading down out of wine and spirits and into beer in the face of higher prices across the industry.
Phillips will join from listed floor coverings company Headlam, where he has been CFO since March 2023. Before Headlam, he was group financial controller at Mobico (formerly National Express) from 2019 to 2023, which he joined after years at Halfords and Molson Coors.
“We are delighted that Adam is joining our business,” said C&C Group CEO Roger White.
“He has a highly relevant skill set and will further build the capabilities of the leadership team. I have every confidence that Adam will make an immediate impact as well as an important long-term contribution to the business.”
C&C Group’s late January profit warning told of weak trading over November and early December, with difficult conditions expected to continue throughout the financial year. Adjusted operating profit guidance was lowered to €70m-€73m (£60.6m-£63.2m) for the year.
Shares in C&C fell 17.1% to 106.6p in the days following the profit warning, before recovering slightly to around 114p.
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