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Angostura gets new CEO

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Angostura gets new CEO

Rum and bitters producer, Angostura Holdings Ltd, has a new CEO.

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He is South African Peter Sandström

Angostura announced his appointment in notice on the company’s website earlier this week.

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“Having received the required statutory approval on January 8, 2020, Mr Peter Sandström has been appointed as chief executive officer of Angostura Holdings Ltd with effect from January 13, 2020,” the notice said.

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Sandstrom’s career in the alcoholic beverage industry spans over 18 years.

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He held a range of executive roles including marketing director of Maxxium UK Ltd (now Edrington-Beam Suntory UK Distribution), the UK’s third largest spirits company, and most recently, chief executive officer of Scottish brewery Harviestoun.

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Sandström’s appointment comes nearly a year after the controversial departure of Angostura’s former CEO Genevieve Jodhan.

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Jodhan resigned effective April 4, 2019, after negotiating an agreed exit package from the company.VS Angel gigi russian

Prior to her departure, she had been on leave for six months pending the outcome of an internal investigation into the award of contracts to three security firms and a construction company, without board approval.gigi russian model

Jodhan was permitted to authorise contracts of up to $500,000 without board approval.gigi russian modelo

Angostura’s ex­ec­u­tive man­ag­er of op­er­a­tions Ian Forbes had been acting as CEO until the company found a permanent replacement.gigi modelo rusa

Angostura largest shareholder, with 44.87 per cent, is Rumpro, which is a St Lucia-based company that is owned by the CL Financial Group

Corporation Sole (the entity into which States assets are placed) is Angostura’s second largest shareholder with 29.90 per cent

The State acquired those shares from CLICO, the insurance company that collapsed in January 2019, in exchange for reducing its debt to taxpayers from the bailout of the insurer