William Grant & Sons has refused to comment on reports its CEO Søren Hagh has exited the business.
The Glenfiddich and Monkey Shoulder brand owner appointed Hagh as chief executive in November 2023, with the former Heineken president for Europe taking up the role at the start of last year.
However, a Companies House filing made on Monday (3 November), revealed that Hagh was no longer a director at the business.
William Grant & Sons declined to elaborate on the filing when approached by The Grocer.
Hagh’s career at Heineken spanned more than a decade, including over three years as president for Europe. He also spent four years as managing director of its operations in Italy.
He took over from William Grant & Sons’ former CEO Glenn Gordon in January 2024. However, following the appointment, Gordon retained his position as a non-executive director on the William Grant & Sons board.
William Grant & Sons reported a 30% decline in profits in the year ended 31 December 2024.
“In a year marked by industry-wide challenges, the decline in revenue compared to 2023 is in line with market trends, including the continuation of significant destocking,” the supplier said in a statement accompanying the results.
Its profit slide reflected “both these market conditions but also continued investment in the company’s brands and infrastructure,” it added.
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