RNS Number : 8060U
SABMiller PLC
22 October 2010
 



SABMiller PLC

22 October 2010

 

 

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

 

To view and download images or video footage for use in the media, please 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 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.


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