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Board and Committee Changes - Appointment of New Non-Executive Director
SABMiller plc
JSEALPHA CODE: SAB
ISIN CODE: SOSAB
ISIN CODE: GB0004835483
Board and Committee Changes - Appointment of New Non-Executive Director
SABMiller plc is pleased to announce that Mr Guy Elliott has agreed to join the
SABMiller board as an independent non-executive director with effect from 1 July
2013.
Mr Elliott, age 57, has been the Chief Financial Officer of Rio Tinto plc and Rio Tinto
Limited since 2002. He will be stepping down from these positions on 18 April 2013,
although he will continue as a senior executive director of Rio Tinto plc and Rio Tinto
Limited until the end of 2013.
Mr Elliott began his career in 1977 with Kleinwort Benson, and then joined the Rio
Tinto Group in 1980 after gaining an MBA at INSEAD. He held a variety of marketing,
strategy and general management positions in the Rio Tinto Group, including Head
of Business Evaluation, and President of Rio Tinto Brasil, before being appointed as
Chief Financial Officer in 2002. He has been a non-executive director of Royal Dutch
Shell plc since 2010 and the chairman of its audit committee since May 2011. He was
previously a non-executive director of Cadbury plc from 2007 until its acquisition by
Kraft in 2010, and during his tenure he served as chairman of the audit committee
until April 2009, and as senior independent director from 2008 until 2010.
SABMiller also announces that Mr Cyril Ramaphosa, 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 2013.
The following consequential and other changes to the composition of the board’s
committees are also intended to become effective from the conclusion of the annual
general meeting in July 2013:
- Mr Graham Mackay, who it is intended will become Non-Executive Chairman
at the conclusion of that meeting when Mr Alan Clark becomes Chief
Executive, will succeed Mr John Manser as chairman of the nomination
committee. Mr Manser will remain a member of the nomination committee,
and Ms Helen Weir, who was appointed as a non-executive director in May
2011, will join the nomination committee in place of Mr Ramaphosa.
- Ms Lesley Knox, who was appointed as a non-executive director in May 2011,
will succeed Mr Miles Morland as chairman of the remuneration committee.
Mr Morland will remain a member of the remuneration committee, and Mr
Guy Elliott will join the remuneration committee.
- Mr Guy Elliott will also join the audit committee.
At the conclusion of the annual general meeting in 2014, the board of SABMiller
expects the following further changes to the composition of the board and its
committees:
- Mr John Manser, who has been an independent non-executive director since
2001, and Mr Miles Morland, who has been an independent non-executive
director since 1999, will not seek re-election and will retire from the board at
the conclusion of the annual general meeting in 2014.
- Mr Guy Elliott will succeed Mr Manser as Deputy Chairman and senior
independent director and will become a member of the nomination
committee.
- Mr Mark Armour, who has been an independent non-executive director since
2010, will succeed Mr Manser as chairman of the audit committee.
Commenting on this year’s changes, Mr Graham Mackay, Executive Chairman of
SABMiller plc, said:
“I am delighted to welcome Guy Elliott as a director. He is a highly experienced
business leader, with a strong reputation as a seasoned non-executive in the
international business community and in the City. He has been part of the leadership
team of a global business working across a mix of emerging and developed markets,
and has deep experience of working through joint ventures and partnerships - all
very pertinent to our business structure – as well as an understanding of consumer
facing businesses acquired during his time on the Cadbury board.
“Guy will be an excellent addition to our board, and his appointment reflects our
continued commitment to the process of progressive renewal of the board.
“At the same time, I am saddened that Cyril Ramaphosa has decided that in light of
the increasing amount of time which he will need to devote to his public service
commitments, he cannot continue as a director of SABMiller. Cyril has served
SABMiller with distinction since his first appointment as a director and as acting
chairman of our predecessor company in South Africa in 1997, and his wise counsel,
his infectious good humour, and his deep understanding will be sorely missed. The
directors are grateful to Cyril for his friendship and dedication over many years of
service, and on behalf of everyone at SABMiller, we wish him every success in facing
the challenges of his new role.”
Note:
Guy Elliott is currently a director of Rio Tinto plc, which is listed on the London Stock
Exchange, Rio Tinto Limited, which is listed on the Australian Stock Exchange, and
Royal Dutch Shell plc, which is listed on the Amsterdam, London and New York Stock
Exchanges. Within the last five years, he has also been a director of Cadbury plc,
which was listed on the London Stock Exchange. There is no information required to
be disclosed pursuant to LR 9.6.13 (2) to (6) of the Listing Rules.
Notes to editors:
SABMiller
SABMiller plc is one of the world’s leading brewers with more than 200 beer brands
and some 70,000 employees in over 75 countries. The group’s portfolio includes
global brands such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft
and Grolsch; as well as leading local brands such as Aguila (Colombia), Castle (South
Africa), Miller Lite (USA), Snow (China), Victoria Bitter (Australia) and Tyskie (Poland).
SABMiller also has growing soft drinks businesses and is one of the world’s largest
bottlers of Coca-Cola products.
In the year ended 31 March 2012, the group reported EBITA of US$5,634 million and
group revenue of US$31,388 million. SABMiller plc is listed on the London and
Johannesburg stock exchanges.
www.sabmiller.com
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Enquiries:
SABMiller plc
t: +44 20 7659 0100
Catherine May
Director of Corporate Affairs
SABMiller plc
t: +44 20 7927 4709
Gary Leibowitz
Senior VP, Investor Relations
SABMiller plc
t: +44 20 7659 0174
Richard Farnsworth
Business Media Relations Manager
SABMiller plc
t: +44 20 7659 0188
26 March 2013
Sponsor:
J.P. Morgan Equities (Pty) Ltd
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