• Current CEO Steve Donohue to step down after 12-month notice period
• Ari Mervis appointed as Executive Chairman for up to 12 months
• Penny Winn and Peter Hardy appointed as new Non-executive Directors

Endeavour Group Limited (ASX:EDV) has today provided an update on the recruitment of a Chief Executive Officer and Managing Director, and the appointment of two new Non-executive Directors. Following the announcement on 27 September 2024 that CEO and Managing Director Steve Donohue would step down to allow for a new leader to drive Endeavour's next phase of growth, a global search for a new CEO and Managing Director was commenced by the Board. While the search is well progressed, the Board expects that the start date for a new CEO will occur after Mr Donohue's 12 month notice period expires. The Board has agreed that Chairman Ari Mervis will be appointed as Executive Chairman with effect from 17 March 2025, whereupon Mr Donohue will relinquish the position of CEO and Managing Director. Mr Mervis will be in the role for a period of up to 12 months to ensure stable leadership while the appointment of the new CEO is finalised. The Board also confirms the appointment of Penny Winn and Peter Hardy as Non-executive Directors, following receipt of the necessary regulatory approvals and completion of all probity processes. Both appointments are effective from 3 March 2025.

As Executive Chairman, Mr Mervis looks forward to working with the Endeavour Team on improving the business' performance to realise the full potential of Endeavour's unmatched assets. He intends to accelerate further opportunities to generate growth and prioritise efficiencies and cost savings, as part of Endeavour's strategy to simplify the business and focus on the core strategic pillars.