RNS Number : 5804S
20 May 2009

SABMiller plc announces appointment of new non-executive director

SABMiller plc is pleased to announce that Dr Dambisa Moyo has agreed to join the SABMiller board as an independent non-executive director.

Dambisa Moyo, age 40, was born and raised in ZambiaSouthern Africa. She completed a Doctorate in Economics at Oxford University and holds a Masters from Harvard University. She has a Bachelors degree in Chemistry and an MBA in Finance at the American University in Washington D.C.

She worked at Goldman Sachs for 8 years in the debt capital markets, hedge fund coverage and global macro-economics teams. Previously she worked at the World Bank in Washington D.C. Dambisa is a writer and commentator on international aid strategies and economics. 

She is a Patron for Absolute Return for Kids (ARK), a hedge fund supported children's charity, and serves on the Board of the Lundin for Africa Foundation and on the Board of Room to Read, an education charity.  Dambisa was honoured as a World Economic Forum Young Leader in 2009.

Mr Meyer Kahn, Chairman of SABMiller plc, commented:

"I am delighted that Dambisa Moyo has agreed to join our board. Her rare combination of academic experience and real world expertise, combined with a deep knowledge of global economic trends and a real concern for Africa, a continent to which we as a group are hugely committed, will bring a new perspective to our deliberations and will be of great value to SABMiller. Her appointment also enhances the independence and balance of the board whilst continuing the process of progressive renewal." 

Dr Moyo will join the board of SABMiller plc on 1 June 2009.


Notes to editors:

SABMiller 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 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 


  SABMiller plc 

Tel: +44 20 7659 0100

Sue Clark

Director of Corporate Affairs

Tel: +44 20 7659 0184

Gary Leibovitz

Senior Vice-President, Investor Relations

Tel: +44 20 7659 0194

Jonathan Oates

Business Media Relations Manager

Tel: +44 20 7659 0144

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.

This information is provided by RNS
The company news service from the London Stock Exchange