03:04 AM EDT, 07/15/2026 (MT Newswires) -- Drink brands company Distil's (DIS.L) executive chairman, Don Goulding, intends to retire on Aug. 14 to focus on existing family projects. The company said Wednesday it will split the executive chairman position following Goulding's retirement, appointing Philip Naughton as nonexecutive chairman, also effective Aug. 14, and David Smith as chief executive officer, effective Aug. 17. Naughton joined Distil's board in February after most recently serving as CEO of a consulting firm. Smith joins the company from The Oxford Artisan Distillery.

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