| Thu 2 Aug 2007, 15:05 | | SAB - SABMiller - Senior management changes |
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SAB
SOSAB
SAB - SABMiller - Senior management changes
SABMiller
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
Ref 25/2007
SENIOR MANAGEMENT CHANGES
SABMiller plc announced today that Andre Parker, Managing Director of
SABMiller Africa and Asia, and Norman Adami, President and CEO SABMiller
Americas, will both be retiring from the company in the coming months.
SABMiller Africa and Asia
Andre Parker will be retiring at the end of September 2007 after 32 years of
service. Under Andre`s leadership the Africa and Asia region has grown
substantially with EBITA, turnover and volumes up almost four-fold over a
period of eight years. In fiscal 07 the region accounted for some 30% of
group lager volumes and some 14% of sales revenue.
In recognition of the current scale and future growth potential of the group`s
Africa and Asia interests, from 1 October 2007 the region will be split into
two management units.
Ari Mervis is appointed Managing Director SABMiller Asia and Mark Bowman will
take up the role of Managing Director SABMiller Africa. Reporting directly to
Graham Mackay, SABMiller Chief Executive, Ari and Mark will join the SABMiller
plc Executive Committee (Excom), effective 1 October 2007.
Currently Managing Director Australia, Ari Mervis was responsible for building
SABMiller`s successful Russian business and has most recently established the
company`s presence in Australia. Ari will head up a relatively small Asia hub
office, located in Hong Kong, which will support SABMiller`s partnerships in
China, Australia and Vietnam and the wholly owned Indian business, and
continue to grow SABMiller`s interests in the region.
Mark Bowman, currently Managing Director Kompania Piwowarska in Poland, has
significant experience of both the beer and soft drinks businesses, having
previously been Managing Director of the company`s South African bottling
operation ABI. The Africa hub office will remain in Johannesburg, and will
focus on further developing SABMiller`s beer and soft drinks operations on the
African continent (outside of South Africa).
Commenting on the management changes, Graham Mackay, Chief Executive, said:
"Andre Parker has made an outstanding contribution to SABMiller, establishing
a leadership position for the company in both China and India while
maintaining strong growth in the Africa region. I wish Andre and his wife
Linda a long and happy retirement.
"I am confident that Ari and Mark, both experienced SABMiller managers, will
continue to build our businesses in Asia and Africa and deliver further value
enhancing growth."
SABMiller Americas
SABMiller plc also announced today that Norman Adami, President and CEO
SABMiller Americas, will be retiring from the company.
For some time Norman has expressed a desire to retire and return to South
Africa, at an appropriate juncture, due to compelling family circumstances.
With the transition of the Miller management team already fully completed and
the integration of the Group`s Latin American businesses also well advanced,
Norman will retire from full service on 30 November 2007.
Norman has served the business for 25 years and has been a member of the
SABMiller Executive Committee for 13 years. He successfully managed SAB Ltd
as Managing Director for 9 years and more recently led the Miller Brewing
Company as President and CEO from 2003 to 2006, completing the business
turnaround and building a sustainable platform for it to compete in the US
marketplace. In addition over the last 12 months Norman has overseen the
successful integration of Grupo Empresarial Bavaria into the SABMiller group.
Norman was able to make a unique contribution to SABMiller as President and
CEO SABMiller Americas due to his experience and knowledge of the US and
global beer markets. Norman will not be replaced in this position.
Tom Long, President and CEO of the Miller Brewing Company and Barry Smith,
President of SABMiller Latin America, upon Norman`s retirement, will report
directly to Graham Mackay, SABMiller Chief Executive, and will continue to
serve as members of the SABMiller plc Excom.
Commenting on the announcement, Graham Mackay, Chief Executive, said:
"Norman has made an enduring contribution to the SABMiller Group and we will
greatly miss his wisdom, passion and commitment. One of Norman`s legacies is
the strong management team that he has built up in the Americas.
"I respect Norman`s decision to move back to South Africa to support his
family and we wish them all success and happiness in this new phase of their
lives."
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 2007, the group reported US$3,154 million in
adjusted pre-tax profit and revenue of $18,620 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 www.sabmiller.com
Enquiries:
SABMiller plc Tel:+44 20 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: 02/08/2007 15:05:05 Produced by the JSE SENS Department.
