NIGERIA – Nigerian Breweries Plc, announced on Thursday that its long-serving Managing Director/CEO, Mr. Nicolaas Vervelde, will leave his post on 16th June 2017 to take up a new role within the HEINEKEN Group outside Nigeria.
Mr. Vervelde, who has been serving as the company’s MD for nearly 7-years, was formerly a non-Executive Director of the company before rejoining the board on 1st August 2010 as Managing Director/CEO.
In a statement released by the company, it said that, “The Company has recorded several laudable milestones with Mr. Vervelde at the helm of affairs including the expansion of its operations through acquisition of additional Breweries.
“Through a twin agenda of Cost Leadership and Market Leadership supported by Innovation, the company also expanded its portfolio of brands while equally focusing on internal efficiencies.
The company ensured a consistently good return on investment for its shareholders.
“The Board has immediately commenced the process of identifying a replacement for Mr. Vervelde and will make an announcement in that regard in due course,” the statement said.
May 4, 2017: Beverage Industry News