BrewDog Founder James Watt Steps Down as CEO
Quote from VATcal on 08/05/2024, 20:29James Watt, co-founder of the iconic Scottish brewery BrewDog, has stepped down as CEO after 17 years at the helm. The move comes as part of a pre-planned succession strategy, with Chief Operating Officer James Arrow taking over the CEO reins.
Watt will remain heavily involved with BrewDog, transitioning to a newly created role of "captain and co-founder". He'll retain a seat on the board and act as a part-time strategic advisor, ensuring a smooth handover and continued influence on the brand's direction.
Watt's decision comes after nearly two decades of leading BrewDog from a small garage operation to a global phenomenon. He announced his intentions to step back last year, seeking more time for family, personal ventures, and travel.
"It's been an incredible journey," Watt said in a LinkedIn post. "For almost two decades, practically every waking moment has been dedicated to this amazing business. Now, it's time for a new chapter."
James Arrow, BrewDog's incoming CEO, brings a wealth of experience from his previous role as Managing Director at Boots Opticians. His appointment signifies the company's confidence in a smooth transition and continued growth.
Chairman Allan Leighton emphasized the planned nature of the move. "James [Watt] spoke to me last year about wanting to remain involved while focusing on other interests," Leighton said. "This new structure allows him to do just that."
While some industry commentators believe Watt's departure marks the end of an era for BrewDog, the company remains optimistic. Watt's continued involvement and Arrow's leadership promise an exciting future for the craft beer giant.
James Watt, co-founder of the iconic Scottish brewery BrewDog, has stepped down as CEO after 17 years at the helm. The move comes as part of a pre-planned succession strategy, with Chief Operating Officer James Arrow taking over the CEO reins.
Watt will remain heavily involved with BrewDog, transitioning to a newly created role of "captain and co-founder". He'll retain a seat on the board and act as a part-time strategic advisor, ensuring a smooth handover and continued influence on the brand's direction.
Watt's decision comes after nearly two decades of leading BrewDog from a small garage operation to a global phenomenon. He announced his intentions to step back last year, seeking more time for family, personal ventures, and travel.
"It's been an incredible journey," Watt said in a LinkedIn post. "For almost two decades, practically every waking moment has been dedicated to this amazing business. Now, it's time for a new chapter."
James Arrow, BrewDog's incoming CEO, brings a wealth of experience from his previous role as Managing Director at Boots Opticians. His appointment signifies the company's confidence in a smooth transition and continued growth.
Chairman Allan Leighton emphasized the planned nature of the move. "James [Watt] spoke to me last year about wanting to remain involved while focusing on other interests," Leighton said. "This new structure allows him to do just that."
While some industry commentators believe Watt's departure marks the end of an era for BrewDog, the company remains optimistic. Watt's continued involvement and Arrow's leadership promise an exciting future for the craft beer giant.
