Nigerian Breweries announces resignations and new appointments to its Board

NIGERIA – Nigerian Breweries Plc, a subsidiary of the Dutch brewing company Heineken N.V has announced three resignations and appointment of two new directors to its board.

Resignations from the board include those of Mark Rutten, the company’s Finance Director; Hendrik A. Wymenga, Supply Chain Director effective date 27 July 2018; and Franco Maria Maggi who will be stepping down from the board effective the close of business on the 31 August 2018.

According to the company, the resignations come on the dates when the individuals were expected to have completed their internationalization assignments.

Robert Kleinjan who was Finance Director of Brau Union Group, Austria (a Heineken subsidiary) has been appointed to the Board as the company’s new Finance Director effective the 28th of July, 2018.

Kleinjan joined Heineken in 1996 as Controller, Cost & Activity Based Cost and has worked in Heineken operating companies in the Netherlands, Poland, Germany, Belgium and Finland.

Nigerian Breweries has also appointed Martin Kochl, former Supply Chain Director, Heineken Ethiopia as new Supply Chain Director effective the 28th of July, 2018.

The indigenous brewer made major restructuring of its management and the appointment of Jordi Borrut as the company’s managing director in December last year.

The company recently reported 22% decline in profit to US$49.78 million for the first quarter of this financial year impacted by new duty and tax revisions.

It has established a US$275.2 million Commercial Paper (CP) programme in a way to diversify its funding sources.

In May, the brewer introduced Singapore’s Tiger Beer into the local market to scale up competition against major brands such as AB InBev’s International Breweries Plc. Who said were launching Budweiser among others in the premium category in 2018.

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