Unique Corporate Treasurer Opportunity in Scotland: Rutherford Cross launches retained search on behalf of Edrington

Edrington is a privately owned international spirits company headquartered in Glasgow, Scotland. As producer of single malts, Edrington’s vision is to give more by building the world’s leading portfolio of exceptional super premium spirits, by becoming the world’s leading super premium brand builder. The Macallan is the central focus, supported by Highland Park and The Glenrothes in the fast-growing Single Malt category and Naked in the Blended Malt category.

Edrington has strategic partnerships with Tequila Partida and Wyoming Whiskey in the dynamic Tequila and American Whiskey categories. The portfolio is completed with The Famous Grouse Blended Scotch Whisky, Brugal premium rum from the Dominican Republic.

A success story, even during the pandemic, Edrington reported core revenue of £576.2m for 2021, which was down by only 15% on 2020 (£680.3m) as the business adapted to the changes in consumer demand and purchasing occasions. Net cash flow movements were up 89% demonstrating the efforts made to conserve cash, including reducing capital expenditure, lower investment in new filings, suspension of dividends and the postponement of pension deficit contributions.  These measures have resulted in a strong financial position for Edrington, and with the easing of restrictions and a post COVID world, the business fully expects revenues to increase back to pre-pandemic levels this financial year.

The company employs over 3,500 people in the wholly owned and joint venture companies, with over 70% employed overseas. The success of their strategy is based on the skills and dedication of every person in the business, from distillation and coopering to brand and commercial management teams.  Edrington focuses on hiring exceptionally talented people and giving them the tools and support required to be the best they can be, every day.  There is a comprehensive training and development programme for all employees, regardless of their role.

The majority shareholder of the company is The Robertson Trust, Scotland’s largest independent charitable trust. Giving more is woven into the history and fabric of Edrington’s business in a way that is unique to the industry, and they are proud to support every employee in becoming involved with the charitable causes they feel passionate about, helping them volunteer, raise funds and make a positive contribution to their communities.

We are delighted to be recruiting a Corporate Treasurer to lead the Treasury function in Glasgow.  For more information about the role, click here.

For further information on Edrington, visit the website: Edrington and see the annual report for more information on the financials.