C&C CEO Resigns Amid Major Accounting Errors

Patrick McMahon steps down after overseeing financial discrepancies, leading to significant profit adjustments and a sharp drop in share price.

C&C forced to restate three years of accounts due to accounting errors, resulting in €17m adjustments.
The errors occurred during a botched software upgrade, costing the company millions.
Patrick McMahon, previously CFO, resigns as CEO after just over a year in the role.
Ralph Findlay, former CEO of Marston's, appointed interim chief executive.
C&C reports a €111m loss for the latest financial year, a stark contrast to the previous year's €52m profit.