| Fri 22 Oct 2010, 8:00 | | SAB - SABMiller Plc - SABMiller - Senior management change |
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SAB
SOSAB
SAB - SABMiller Plc - SABMiller - Senior management change
SABMiller PLC
SEALPHA CODE: SAB
ISIN CODE: SOSAB
ISIN CODE: GB0004835483
22 October 2010
SABMiller - Senior Management Change
SABMiller plc announced today that Barry Smith, President, SABMiller Latin
America, will be retiring at the end of December 2010.
Barry has served the group for 26 years and has been a member of the SABMiller
Executive Committee since 2005, when he was appointed President, SABMiller
South America following the completion of the Bavaria transaction. He has
been President, SABMiller Latin America since 2007. He originally joined The
South African Breweries Limited (SAB Ltd) in 1984 and has held a number of
senior positions in the group, including Marketing Director, SAB Ltd in South
Africa, Managing Director, Kompania Piwowarska S.A. in Poland, and Senior Vice
President, Market Development and Strategy, Miller Brewing Company, USA.
Barry oversaw the successful integration of Grupo Empresarial Bavaria into the
SABMiller group, and under his leadership the Latin American region has grown
to become the largest region in the group, with EBITA, turnover and volumes
having increased substantially over the five years since completion of the
Bavaria transaction. In the year ended 31 March 2010, the region accounted
for some 21% of total group beverage volumes, 22% of group revenue, and 31% of
group EBITA.
Karl Lippert, currently President of Bavaria S.A. in Colombia, will be
appointed as President, SABMiller Latin America, based in Bogota, reporting
directly to Graham Mackay, SABMiller Chief Executive, and will join the
SABMiller plc Group Executive Committee, with effect from 1 January 2011.
Karl has been with the Group since 1992, and has extensive experience in the
global brewing industry. Prior to his appointment as President of Bavaria in
February 2006, Karl was Managing Director of Kompania Piwowarska S.A. in
Poland, and previously held senior positions as Managing Director of Dreher in
Hungary, Sales and Distribution Director for SABMiller Europe, and various
positions within SAB Ltd in South Africa, including General Manager,
Distribution Services Manager and Operations Manager.
Commenting on the management changes, Graham Mackay, Chief Executive, said:
"Barry Smith has made an enduring and outstanding contribution to SABMiller
over many years, culminating in his inspirational leadership of a vibrant and
growing business in Latin America, and the building of a strong management
team throughout the region. We will greatly miss Barry`s wisdom, wit and
passion for the business. I wish Barry and his wife Margie a long and happy
retirement.
"I am confident that Karl, an experienced and respected SABMiller manager,
will continue to drive our business in the region, and deliver further value
enhancing growth. Karl will bring to the Latin America region the same
enthusiasm, management and vision with which he has led our business in
Colombia over the past four and a half years, to the benefit of our consumers,
customers, employees and shareholders."
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 Pilsner Urquell, Peroni
Nastro Azzurro, Miller Genuine Draft and Grolsch, as well as leading local
brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is
also one of the world`s largest bottlers of Coca-Cola products.
In the year ended 31 March 2010, the group reported US$3,803 million adjusted
pre-tax profit and group revenue of US$26,350 million. SABMiller plc is listed
on the London and Johannesburg stock exchanges.
Visit the company website: www.sabmiller.com
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visit the image and broadcast footage libraries in the News and media centre
on www.sabmiller.com
Enquiries
SABMiller plc
t: +44 20 7659 0100
Jonathan Oates
Business media relations manager
SABMiller plc
t: +44 20 7659 0144
Gary Leibowitz
Senior VP, Investor Relations
SABMiller plc
t: +44 20 7659 0119
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
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regarding the Company`s financial position, business strategy, plans and
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forward-looking statements. These forward-looking statements are based on
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contained in this announcement to reflect any change in the Company`s
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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: 22/10/2010 08:00:01 Produced by the JSE SENS Department.
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