Normunds Stanevics Appointed CEO of Amber Beverage Group
Company - People | Jul 09, 2025 | EIN
Amber Beverage Group Holding (ABG) has announced the appointment of Normunds Stanevics as the new Group Chief Executive Officer, effective July 1, 2025. Stanevics takes over from Chief Legal Officer Arturs Evarts, who was serving as Acting CEO. With over 20 years of senior international leadership experience, Stanevics is tasked with steering the company's growth strategy, emphasizing international market expansion, portfolio enhancement, operational efficiency, and strategic partnerships and acquisitions. Prior to ABG, he served as Group CEO and CFO for Europe at Food Union Group, excelling in strategic planning and cross-border M&A. Stoli Group, ABG's majority shareholder, supports the appointment, trusting his leadership style centered on collaboration, transparency, and a data-driven approach will help improve ABG's fortunes after a reported sales drop. His immediate focus will be delivering quick wins and implementing a comprehensive transformation plan.
Sectors
- Beverage
- Consumer Goods
- Private Equity
Geography
- United Kingdom – The article mentions Amber Beverage Group Holding, which is assumed to be headquartered or have significant operations in the UK.
- Europe – Previous roles of the newly appointed CEO involved operations across the Baltics, Nordics, and Central and Eastern Europe.
Industry
- Beverage – The article involves Amber Beverage Group, which is focused on enhancing its portfolio of premium spirits.
- Consumer Goods – The involvement of FMCG experience by Stanevics at his previous role highlights a connection to the consumer goods sector.
- Private Equity – Stoli Group, the majority shareholder, indicates a private equity interest in Amber Beverage Group.
Financials
- EUR 42.8 million – Reported sales figure for ABG in the first quarter of 2025, indicating a 23% year-on-year decline.
- US$50.4 million – Equivalent of ABG's sales figure in USD for the first quarter of 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amber Beverage Group Holding | Company appointing new CEO | Company | A company known for its portfolio of premium spirits. |
| Normunds Stanevics | Newly appointed CEO | Person | He has over 20 years of experience in international leadership focusing on M&A and operational efficiency. |
| Arturs Evarts | Outgoing Acting CEO | Person | Previously served as ABG's Chief Legal Officer and Acting CEO. |
| Stoli Group | Majority shareholder | Company | ABG's majority shareholder expressing confidence in the new CEO's ability to improve the company's performance. |
| Food Union Group | Former employer of Stanevics | Company | An FMCG company where Stanevics held roles as Group CEO and CFO for Europe. |