A.G. Barr, the Cumbernauld-based owner of Irn-Bru, Rubicon energy drinks, Boost Drinks and Funkin cocktail mixers, said that Mark Allen is standing down from his roles as non-executive chair and director of of the company as of January 15 “to focus on his recently extended role at Hilton Food Group plc, where he has moved from non-executive chair to executive chair.”

Barr said: “The board has initiated an independent process to identify a new Non-Executive Chair.

“Susan Barratt, Senior Independent Director, will act as Interim Chair until a successor has been appointed. Louise Smalley, Non-Executive Director, will serve as Senior Independent Director during this interim period.”

Allen said: “It’s been an enormous privilege serving as Chair of AG Barr as the Company has strengthened and innovated its brand portfolio, driven value-creating M&A, and delivered value for shareholders. The business is in great shape and now is the right time to pass on the baton and focus on my other commitments.”

Susan Barratt, Senior Independent Director, said: “On behalf of the Board, I would like to express our gratitude to Mark for his outstanding contribution and dedicated service to AG Barr over the last five years. He has built and led a high-quality Board and advanced the strategic direction for the business. He leaves AG Barr in a strong position, and we wish him all the best for the future.”