C&C Group plc announced the group's chief executive officer, Patrick McMahon, was chief financial officer during the periods to which these adjustments relate and acknowledges that the relevant shortcomings occurred at a time when he had overall responsibility for the Group's finance function. Accordingly, he has informed the board that he will step down as director with immediate effect. In light of his appointment as Group CEO, Ralph Findlay has stepped down as chair of the nomination committee and the Senior Independent Director, Chris Browne, has been appointed Chair of the Nomination Committee with immediate effect.