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SAB - SABMiller Board Management Changes
SABMiller plc
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
SABMiller Board Management Changes
SABMiller plc announces that Malcolm Wyman, Chief Financial Officer, has
confirmed his intention to retire from the company at the end of August 2011,
and he will stand down from the board at the forthcoming AGM on 21 July 2011.
Malcolm will be replaced by James ("Jamie") Wilson, currently Finance
Director for SABMiller Europe. Jamie joined SABMiller in 2005 and has held a
number of senior positions in the group, including Senior Vice President,
Market Development and Strategy, Miller Brewing Company, USA; Managing
Director, SABMiller Russia; and Managing Director for SABMiller`s Central
European businesses.
Jamie has 23 years of experience in the global beverage industry, having held
a number of senior executive positions before joining SABMiller, notably
Group Finance Director and Managing Director - Operations of Highland
Distillers plc; Executive Chairman of Maxxium, the international drinks
distribution business; Managing Director of Orpar SA, the parent company of
Remy Cointreau; Strategy/Finance Director for Scottish Courage Ltd; and
Strategy/Project Director for Scottish & Newcastle plc. He has a law degree
from the University of Edinburgh, is a qualified chartered accountant and is
a member of the Chartered Institute of Taxation.
Jamie becomes deputy Chief Financial Officer of SABMiller with immediate
effect, but he will retain his responsibilities as Finance Director for
SABMiller Europe until his replacement is appointed.
Malcolm Wyman leaves SABMiller after 25 years of service. He first joined The
South African Breweries Ltd in 1986, after a successful career in investment
banking in South Africa, and was appointed to the board as Group Corporate
Finance Director in 1990. He transferred onto the board of South African
Breweries plc upon its listing on the London Stock Exchange in 1999, and
became Chief Financial Officer in 2001 with responsibility for the group`s
finance operations, corporate finance and development, and group strategy.
Following his retirement, Malcolm will continue through a consulting
arrangement with SABMiller, to provide advice and support to the company.
Graham Mackay, SABMiller group chief executive, commented:
"We owe Malcolm a deep debt of gratitude for the pivotal role he has played
in SABMiller`s transformation from a small regional business into a leading
global brewer. He has made an outstanding contribution to the significant
growth of the group through his leadership of our corporate finance
activities, which included the transformational transactions with Miller
Brewing Company in the US and the Bavaria Group in South America. He has
brought a unique and insightful perspective to all of our financial
activities.
"His extraordinary dedication, wisdom and good judgement, combined with an
unfailing sense of humour and "steadiness under fire" will be greatly missed
by me personally and all in the business.
"We all wish Malcolm and his wife Gill a long and happy retirement.
"In Jamie we are fortunate to gain an outstanding talent, with a considerable
breadth of industry experience, acquired both within SABMiller and the wider
alcohol beverage sector.
"He combines a unique operational, commercial and financial perspective with
a proven track record in the business. I believe that his leadership will
further enhance the commercial focus of the finance function, ensuring that
we leverage value from the range of business capability initiatives that we
are progressively implementing throughout the group."
ENDS
Notes:
1. Jamie Wilson is not currently a director of any listed company. There is
no information required to be disclosed pursuant to LR 9.6.13 (1) to (6) of
the Listing Rules
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.
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/imagelibrary
Broadcast footage is available in internet or SD/HD quality for download free
of charge from www.sabmiller.com/broadcastfootage
Enquiries
SABMiller plc
t: +44 20 7659 0100
Sue Clark
Director Corporate Affairs
SABMiller plc
t: +44 20 7659 0184
Gary Leibowitz
Senior VP, Investor Relations
SABMiller plc
t: +44 20 7659 0174
Nigel Fairbrass
Head of Media Relations
SABMiller plc
t: +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 announcement 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: 04/05/2011 09:00:06 Supplied by www.sharenet.co.za
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