Coopers CEO to step down after 23 years of service

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One of Australia's longest-serving chief executives, Tim Cooper, of the brewing company Coopers said he will stand down after 23 years.

The Adelaide-based Coopers is a fifth-generation family business and has weathered recent downturns in Australian beer consumption.

On Thursday, the company said sales in the past year increased by 3.7 per cent.

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