The controlling family behind AG Barr, the Scotland-based soft drinks group, has handed over the entire management to non-family members for the first time.
Robin Barr announced he is to step down from the role of chairman at the company's AGM in May. The 71-year-old has held the position for the last 31 years and has been a director for 44 years. He will be replaced by Ronnie Hanna, a non-executive director, but has agreed to remain on the board in a non-executive role himself.
"Now is the right time for me to step down as chairman after 31 years in the role – the business is in excellent shape with a strong and stable executive team," said Barr. "I have great confidence in handing over to Ronnie Hanna who will provide the leadership, experience and drive to maintain the positive momentum in the business despite the current difficult economic times."
In addition, Jonathan Warburton, chairman of family-owned bakery business Warburton's, has been appointed a non-executive director.
Robert Barr, Robin's great grandfather, founded AG Barr in 1875. Today it produces a range of soft drinks, including the iconic IRN-BRU brand, for the UK market and has revenues of £150 million.
Creating opportunity for non-family CEOs