Amber Beverage Group CEO Seymour Ferreira steps down

Amber Beverage Group (ABG) has announced that Seymour Ferreira is stepping down from his role as CEO, while Jekaterina Stuģe has been appointed as acting CEO.

ABG acting CEO, Jekaterina Stuģe.

Stuģe currently serves as ABG’s CFO and COO and will take on the position of interim CEO immediately.

While working for ABG for more than six years, her responsibilities have included elements of the group’s operations in finance, IT, production, and logistics. Stuģe also holds a position on the group’s board and supervisory board.

Following his announcement of leaving ABG, Ferreira said: “I am proud to have been given the opportunity to transform ABG into a truly international company.

“Together we have reached levels that would have been unimaginable 7.5 years ago when I joined SPI. I am confident that in the years to come, ABG will continue to be a shining light for the group.”

Over the last seven years, ABG says it has nearly doubled its business and expanded internationally through a number of acquisitions.

In the last year, ABG has acquired a majority stake in both Austrian distribution and wholesaler company Mountain Spirits and UK premium spirits distributor Indie Brands, while most recently it has took full ownership of Australian distributor Think Spirits. 

Acting CEO Jekaterina Stuģe added: “It has been my pleasure to work side by side with Seymour for all these years building ABG’s development strategy.

“Our ambitions remain the same and together with our partners we are on a steady path to reaching them. All of us would like to take this opportunity to thank Seymour for his efforts in establishing the group and fostering its development over the past seven years.”