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Tennant retiring from Guinness PLC.

Tennant retiring from Guinness PLC

The Board of England's Guinness PLC announced the retirement of Anthony Tennant from the position of chairman. Tennant, who has reached the retirement age of 62, will take his official leave December 31, 1992.

"In announcing my intention to retire from chairmanship of Guinness PLC at the end of next year, I am pleased that I am able to hand over to an established executive team," Tennant said. "I also believe that it is important to make this announcement well in advance of the change taking place so as to make our confidence in our succession planning plain and clear."

Effective January 1, 1992, Tony Greener, currently United Distillers managing director and Guinness PLC's group managing director, will become Guinness' chief executive. He will succeed Tennant as chairman on January 1, 1993.

Brian Baldock will be appointed Guinness' deputy chairman in May, and will retain his responsibilities as chairman and managing director of Guinness Brewing Worldwide. Meanwhile, Crispin Davis, currently United Distillers managing director of Europe, will take over the entire spirits segment from Greener.

"During the last four years, we have concentrated not only on building our brands, but also on building management in depth within the company," Tennant stated. "I am certain that Tony, Brian and other members of the management team will ensure that this important business remains in good hands."
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Title Annotation:chairman Anthony Tennant
Publication:Modern Brewery Age
Date:Dec 16, 1991
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