Chapel Down boss to step down as sales tumble

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. On Wednesday, the company announced that Andrew Carter will step down as chief executive to take over as the chief executive of Yorkshire brewing firm Timothy Taylor & Co in 2025. open image in gallery Chapel Down Kit’s Coty Vineyard, Kent Chapel Down said it will soon launch a process to recruit the new chief executive to replace Mr Carter. Martin Glenn, chair of Chapel Down, said: “Chapel Down has enjoyed huge success and celebrated several strategic milestones during Andrew’s time as chief executive and he should be very proud of what the business has achieved and the top team he has developed around him. “I and the board have enjoyed working with Andrew immensely and wish him every success in his new role leading another iconic British brand.” It came as the wine company revealed that net sales dropped by 11 per cent to £7.1m for the six months to 30 June, compared with the same period last year. “2024 has seen continued strategic and operational progress with robust trading, particularly in the on-trade, export and direct-to-consumer channels which shows continued, strong consumer demand.” Shares in Chapel Down were 13.6 per cent lower at 60p in early trading.