| Thu 15 Apr 2010, 8:00 | | SAB - SABMiller plc announces appointment of new non-executive director |
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SAB - SABMiller plc announces appointment of new non-executive director
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
SABMiller plc announces appointment of new non-executive director
SABMiller plc is pleased to announce that Mr Mark Armour has agreed to join the
SABMiller board as an independent non-executive director.
Mr Armour, age 55, has been the Chief Financial Officer of Reed Elsevier Group
plc since 1996, having previously been a partner in the London Office of Price
Waterhouse.
From 2002 until 2004 Mr Armour was Chairman of The Hundred Group of Finance
Directors. He was also a member of the Finance and Reporting Working Group of
the UK Government`s Company Law Review Steering Group, which reported in 2001,
and a member of the group appointed by the Financial Reporting Council which
produced the Smith Report on Audit Committees in 2003.
Mr Armour will join the board of SABMiller plc on 1 May 2010, and will be
appointed as a member of the Audit Committee.
SABMiller also announces that Lord Fellowes, who has been an independent non-
executive director since March 1999, will not be seeking re-election this year,
and will retire from the board at the Annual General Meeting in July 2010.
Lord Fellowes is currently the Senior Independent Director and the Chairman of
SABMiller`s Corporate Accountability and Risk Assurance Committee. Mr John
Manser, who has been an independent non-executive director since 2001 and is
Chairman of the Audit Committee, will be appointed as the Senior Independent
Director, and Dr Dambisa Moyo, who has been an independent non-executive
director since May 2009, will be appointed as Chair of the Corporate
Accountability and Risk Assurance Committee.
Mr Meyer Kahn, Chairman of SABMiller plc, commented:
"I am delighted to welcome Mark Armour to our board. He has a wealth of
experience in financial and accounting matters and a hugely impressive track
record as chief financial officer of Reed Elsevier. Mark will be an excellent
addition to our audit committee, and his appointment reflects our continued
commitment to the process of progressive renewal of the board.
"At the same time, I am saddened that we be losing Robert Fellowes from our
board. He has been a diligent and committed director, and his support and
contribution as our senior independent director has been remarkable. I am
indebted to him for his friendship and dedication over more than a decade of
service."
Ends
Notes to editors:
SABMiller plc is one of the world`s largest brewers with brewing interests and
distribution agreements across six continents. The group`s wide portfolio of
brands includes premium international beers such as Grolsch, Miller Genuine
Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as market-leading
local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is
also one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2009, the group reported US$3,405 million in adjusted
pre-tax profit and group revenue of US$25,302 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.sabmiller.com
Enquiries:
SABMiller plc Tel: +44 20 7659 0100
Sue Clark Director of Corporate Affairs
Tel: +44 20 7659 0184
Gary Leibovitz Senior Vice-President,
Tel: +44 20 7659 0194
Investor Relations
Nigel Fairbrass Head of Media Relations
Tel: +44 7799 894265
Date: 15/04/2010 08:00:01 Produced by the JSE SENS Department.
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