A MANAGEMENT reshuffle at whisky liqueur maker Drambuie will see chief executive Phil Parnell become a non-executive chairman next year following the retirement of the recent incumbent Richard Stone.
Michael Kennedy, who took on the newly-formed role of managing director in January, will move up to take over Parnell's previous job as chief executive in early 2012. In January, Parnell became executive chairman of the firm, which is privately-owned by the MacKinnon family.
The drinks maker also announced the appointment of a heavy-hitting, independent non-executive director, Brendan O'Neill. He is a former director of United Distillers and Guinness Brewing and was ultimately chief executive of chemicals firm, ICI. The firm said O'Neill will take on specific responsibility for the audit and remuneration committees in addition to his overall board responsibilities at Drambuie. Jonathan Brown, the firm's head of brand heritage, has joined the board.
Parnell said: "With Richard Stone's retirement earlier this year, it was important to bring an independent non-executive director on to the board and we are very pleased to be able to attract such a high-calibre individual such as Brendan O'Neill to Drambuie.
"Michael has played a significant role in the revival of Drambuie's fortunes in the past six years and is ideally placed to take the business forward over the next phase of its development.
"In Jonathan we have a terrific brand ambassador who is passionate about Drambuie and who ably represents the brand at home and abroad."
Parnell, a former director of United Distillers, became the first non-family chief executive of Drambuie in 2005. He led a restructuring of the group which included the sale of non-core parts of the business such as its giant art collection and its corporate headquarters at Hillwood House in Edinburgh.