| Thu 3 May 2007, 8:00 | | SABmiller Plc Announces Changes To Board |
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SAB
SOSAB
SAB - SABmiller Plc Announces Changes To Board
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
3 May 2007
SABMILLER PLC ANNOUNCES CHANGES TO BOARD
SABMiller plc announces today that Ms Nancy De Lisi, a non-executive director
and a member of the audit committee, stepped down from the Board with effect
from 30 April 2007, following her retirement from the Altria Group, Inc.
("Altria"). Ms De Lisi was nominated for appointment to the Board and to the
audit committee under the terms of the Relationship Agreement entered into
between Altria and the Company as part of the Miller Brewing Company
transaction in 2002, and had served as a director since 9 September 2002.
Altria has nominated Mr Dinyar Devitre to replace Ms De Lisi. Mr Devitre is
Senior Vice President and Chief Financial Officer of Altria and will join the
SABMiller board as a non-executive director and a member of the audit
committee with effect from 16 May 2007.
Mr Meyer Kahn, Chairman of SABMiller plc commented:
"On behalf of the board of directors and the shareholders of SABMiller, I
extend to Ms De Lisi our warmest regards and our thanks for her outstanding
contribution to our deliberations during her directorship. She has brought
considerable experience and insight to the board, and with her financial
background has enhanced the independence and effectiveness of our audit
committee. We wish her a long and happy retirement and she goes with our
good wishes. In her place, we look forward to welcoming Mr Devitre to our
board, and to benefiting from his contribution to our endeavours."
Pursuant to Listing Rule 9.6.13R(1), details of all directorships held by Mr
Devitre in any publicly-quoted company at any time in the previous five
years, are set out below:
Mr Devitre serves on the board of directors of Western Union Company and
served on the board of directors of Kraft Foods Inc. from August 2002 until
March 2007.
He is also a Trustee of Lincoln Centre Inc., the Asia Society and the
Brooklyn Academy of Music.
There are no details to disclose under paragraphs 9.6.13(2) to (6) of the
Listing Rules.
John Davidson
General Counsel and Group Company Secretary
Ends
Notes to editors:
SABMiller plc is one of the world`s largest brewers with brewing interests or
distribution agreements in over 60 countries across six continents. The
group`s brands include premium international beers such as Miller Genuine
Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional
range of market leading local brands. Outside the USA, SABMiller plc is also
one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2006, the group reported US$15,307 million in
revenue and profit before tax of $2,453 million. SABMiller plc is listed on
the London and Johannesburg stock exchanges.
This announcement is available on the company website: www.sabmiller.com
High resolution images are available for the media to view and download free
of charge from: www.newscast.co.uk or via the News and Media section at:
www.sabmiller.com
Enquiries:
SABMiller plc Tel:+4420 7659 0100
Sue Clark Director of Corporate Tel:+44 20 7659 0184
Affairs
Gary Leibowitz Senior Vice President, Tel:+44 20 7659 0119
Investor Relations
Nigel Fairbrass Head of Media Relations Tel:+44 7799 894265
This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of SABMiller plc (the
"Company") or any of its affiliates in any jurisdiction or an inducement to
enter into investment activity.
This document includes "forward-looking statements". These statements may
contain the words "anticipate", "believe", "intend", "estimate", "expect" and
words of similar meaning. All statements other than statements of historical
facts included in this announcement, including, without limitation, those
regarding the Company`s financial position, business strategy, plans and
objectives of management for future operations (including development plans
and objectives relating to the Company`s products and services) are forward-
looking statements. These forward-looking statements involve known and
unknown risks, uncertainties and other important factors that could cause the
actual results, performance or achievements of the Company to be materially
different from future results, performance or achievements expressed or
implied by such forward-looking statements. These forward-looking statements
are based on numerous assumptions regarding the Company`s present and future
business strategies and the environment in which the Company will operate in
the future. These forward-looking statements speak only as at the date of
this announcement. The Company expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any forward-looking
statements contained in this announcement to reflect any change in the
Company`s expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based. Any
information contained in this announcement on the price at which the
Company`s securities have been bought or sold in the past, or on the yield on
such securities, should not be relied upon as a guide to future performance.
Date: 03/05/2007 08:00:01 Produced by the JSE SENS Department.
