C&C Group settles with former CEO Patrick McMahon for €1.3 million amid accounting errors, and seeks a new CEO.
C&C Group has settled with former CEO Patrick McMahon for €1.3 million following his abrupt departure in June 2024 due to accounting errors. Despite cooler weather impacting sales, the company reported a 29% increase in operating profit to €40.3 million for the six months ending August 31, 2024, with market share growth for its brands. C&C is actively seeking a new CEO and remains on track for an €80 million operating profit this fiscal year.
October 29, 2024
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