Adnams chair steps down after 50 years in Suffolk

Jonathan Adnams has stepped down as chairman of Adnams, a Suffolk-based brewer, due to unspecified health reasons. His departure comes after nearly 50 years with the company, which he joined as a brewing engineer in 1975. Adnams announced his intention to resign in June, prior to the annual shareholder meeting scheduled for next year. His tenure saw significant innovations, including the launch of the UK's first carbon-neutral beer and the introduction of a distillery within the brewery. The company has faced challenges in recent years, including declining demand for cask ale, rising energy costs, and inflationary pressures, which have contributed to operating losses exceeding £2.5 million in 2023. Adnams has also been affected by external factors such as interest rate hikes and economic instability following the former Prime Minister's controversial budget. These issues have prompted the company to explore options for raising funds to secure its financial future. Simon Townsend, a non-executive director and former chief executive of Ei Group, has been appointed as interim chairman. He praised Jonathan Adnams for his commitment to innovation and the foundational work he has done for the company. The leadership changes come amid a broader trend of executive departures, including the chief operating officer and chief executive earlier this year. Despite his early exit, Jonathan Adnams expressed pride in the company's achievements and plans to continue supporting it from the sidelines. His legacy includes the development of popular products like the low-alcohol beer Ghost Ship 0.5% and the cider Wild Wave, which reflects the company's commitment to quality and innovation in brewing.