WKD and Shloer owner SHS Group has named Asda executive Paul Gillow as the next CEO of the UK-based drinks company.

Arthur Richmond, who has spent more than two decades at SHS Group, including the last year-and-a-half as CEO, is stepping down next year.

Richmond, who has also been SHS Group's finance director, will take a seat on the company's board "overseeing key project-based initiatives", the Bottle Green owner said in a statement.

Gillow has spent 20 years at Asda, starting at the UK retailer as a store department manager. He has been the grocer's commercial director for food since September last year.

SHS Group chair Karen Salters said: “Arthur has been a driving force behind our success. We are delighted that he will continue contributing in a non-executive role, helping to steer the future direction of the business.

She added: "Paul is a perfect cultural fit for SHS. His blend of industry expertise and focus on people aligns with our values, and I am confident that he will play a pivotal role as we embark on our next chapter of growth."

Earlier this month, SHS Group filed its accounts at Companies House for the year to 29 December 2023.

The company's turnover rose 3.5% to £664.8m ($863.1m).

Operating profit reached £19.3m, against £15.6m the year previous.

Profit for the period after taxation and non-controlling interests amounted to £12.8m, versus £11.2m a year earlier.

Reflecting on his move on from the role of SHS Group CEO, Richmond said: “It has been a privilege to be part of the group through the various stages of growth and transformation. I have had the opportunity to work with incredibly talented people and I am extremely proud of what we have achieved together.  

“While I am stepping back from full-time duties, I look forward to supporting the business in a new capacity as we enter the next phase of our development.” 

Gillow added: "I am delighted to join SHS and work with such a dynamic group to drive future progress and foster a culture that prioritises people and innovation.”