In a move that has shaken the brewing industry like a sudden frothy explosion, Brewdog’s co-founder and chief executive James Watt has announced his decision to step down from his 17-year tenure as the head of the company. This dramatic leadership change sees him handing over the reins to James Arrow, the current chief operating officer, while Watt pours himself into a newly crafted “captain and co-founder” role on the non-executive board. Despite relinquishing his daily leadership duties, Watt will retain his 21% stake in the renowned brewer and pub firm, offering guidance and creative oversight in this new capacity.
Watt’s decision comes amid scrutiny over Brewdog’s recent pay practices, which involve no longer paying new staff the “real” living wage, opting instead for the lower legal minimum wage. This follows criticism from 2021 when former employees alleged a “culture of fear” and “toxic attitudes” toward junior staff within the company. Watt acknowledged responsibility for these issues, issuing an apology and pledging significant changes.
In light of this, his resignation from the CEO post might signal a strategic refresh for Brewdog as it seeks to renew its reputation and steer through public perception challenges. Watt expressed gratitude for both the highs and lows of his tenure, recognizing that the challenges have fostered resilience and growth. He remains optimistic about Arrow’s future leadership while looking forward to continuing to provide insights and creative energy on the board, alongside dedicating time to personal pursuits.
This development follows Brewdog’s recent initiative, “Brewdog Brews up Fantastic New Deal for Workers,” which emphasized its commitment to employee well-being and support.
Brewdog’s chairman Allan Leighton praised Watt’s leadership, highlighting the brewer’s transformation from a small Fraserburgh garage startup in 2007 to the world’s leading craft brewer, employing over 2,500 workers across its breweries and 120 bars. Leighton expressed confidence in Watt’s continued contribution to the board, noting his “creative genius and energy.”
With the craft brewing world watching closely, James Arrow will need to blend strategic foresight with operational savvy to navigate the challenges ahead. Meanwhile, Watt plans to travel, spend quality time with family and friends, and nurture his other business interests.
The Workers Union Says…
“It’s clear that Brewdog’s workforce deserves recognition and support as the true backbone of the company’s success.”
