Alliance Pharma PLC has announced that Peter Butterfield, the current Chief Executive Officer, will be leaving the company to pursue other business interests. Nick Sedgwick has been appointed as the new CEO, effective 13 May 2024. Butterfield will remain at Alliance until 30 June 2024 to facilitate a thorough handover. During his tenure, Butterfield led the company's transition towards Consumer Healthcare, significantly increasing the Group revenues. Camillo Pane, Chair of Alliance, expressed gratitude to Butterfield for his contributions and welcomed Sedgwick, who brings thirty years of consumer health experience across major multinational companies such as Reckitt, Coty, and Nestlé.
Sedgwick's most recent role was as the Regional Director for UK and Ireland Consumer Health at Reckitt, where he successfully increased revenue and improved profitability. The Chair of Alliance expressed confidence in Sedgwick's ability to lead the company through its next phase of growth and development. Butterfield, in his statement, expressed confidence in the company's future under Sedgwick's leadership, while Sedgwick expressed excitement about joining Alliance at such a crucial time for the business.
Alliance Pharma PLC, a growing consumer healthcare company, aims to empower people to make a positive difference to their health and wellbeing by making trusted and proven brands available worldwide. The company delivers organic growth through investing in priority brands and channels, related innovation, and selective geographic expansion. With around 285 employees across Europe, North America, and the Asia Pacific region, the Group remains asset-light by outsourcing manufacturing and logistics. Alliance Pharma PLC also mentioned that there are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies.
The company's leadership change and the appointment of Nick Sedgwick as the new CEO mark a significant development for Alliance Pharma PLC. Sedgwick's extensive experience in consumer health and his successful track record in multinational companies position him well to lead the company through its next phase of growth and development.