Jonathan Adnams to step down from Southwold brewer Adnams

Jonathan Adnams is to step down from his role at the Southwold-based brewer, marking the end of the family's representation on the company's board. 

Adnams revealed on Thursday he would step down before the next annual shareholder meeting, due to take place in June 2025, after almost 20 years in the role.

Mr Adnams is a descendent of founders George and Ernest Adnams and first joined the company in 1975. 

Mr Adnams first joined the company in 1975 (Image: Newsquest)

He joined the board in 1988, before eventually becoming managing director in the late 1990s.

The Adnams family remains a major shareholder in the company.

Adnams also said it has “made progress” in its search for fundraising after saying in February it was looking for financial backing to support “future growth plans”.

It said on Thursday it has “secured interest from multiple parties”.

“A board committee is currently evaluating indicative and non-binding proposals based on its agreed framework to determine which route offers the best long-term value for the company and its shareholders,” it said.

It had been reported that the company was contacting buyers ahead of a potential takeover.

However, this was dismissed by chief executive Andy Wood. 

He said: "Adnams is focused on exploring its options for continuing to underpin its ambitious growth plans, and in order to further the story of a brand which is so well loved by our East Anglian community – and far beyond."

The longstanding chief executive is also stepping down from his role and will be replaced by chief financial officer Jenny Hanlon.

Ms Hanlon will be the first female chief executive officer in the company’s 150-year history.

The company recorded losses of £4million in the last financial year, but stated that falling inflation had “eased some costs” since the start of 2024.