BrewDog chief excecutive James Taylor has stepped down just three months after the company collapsed and was bought by the US medical cannabis and drinks firm Tilray Brands.
Mr Taylor, whose departure was confirmed in a Companies House filing, took over at the Aberdeenshire-based brewing and pubs company in March last year.
He set about turning around the business amid continuing losses it had run up during an over-ambitious expansion strategy.
He is the third CEO to step down at BrewDog in just over two years after co-founder James Watt and his successor James Arrow left within a year of each other.
The company posted a £36.6m loss in the year to the end of December 2024, while it was reported last year that nearly 2,000 pubs across Britain stopped selling its beer.
US company Tilray acquired BrewDog in a pre-pack administration deal for £33 million, a huge fall from its £1 billion-plus valuation.
The business left £20m in unpaid bills to nearly 500 firms when it folded, and owed £553.8m at the point of its sale to Tilray.
Tilray has already pumped around £50m into the business to re-establish supply chains and reopen some pubs. CEO Irwin Simon said earlier this week that Tilray was “really happy” it acquired a “phenomenal brand”.
It said it is not seeking to replace Mr Taylor as it restructures the business. A spokesman said: “BrewDog now sits under Tilray International and within this structure isn’t a requirement for a full-time chief executive.
“James successfully led BrewDog through its ownership transition. We thank him for his contributions and wish him every success in the future.”
BrewDog chief commercial officer Lauren Carrol oversees day-to-day operations and reports to Rajnish Ohri, the president of Tilray’s operations business.
Last month, Tilray introduced nine of its US beer brands to the UK through BrewDog’s bars.
Meanwhile, former BrewDog co-founder James Watt is returning to the beer sector with a new venture, Second Best. He plans to offer up to 19.3% of the business to former punk investors in BrewDog.
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