SABMiller Board Management Changes
SABMiller plc announces that Malcolm Wyman, Chief Financial Officer, has confirmed his intention to retire from the company at the end of August 2011, and he will stand down from the board at the forthcoming AGM on 21 July 2011.
Malcolm will be replaced by James ("Jamie") Wilson, currently Finance Director for SABMiller Europe. Jamie joined SABMiller in 2005 and has held a number of senior positions in the group, including Senior Vice President, Market Development and Strategy, Miller Brewing Company, USA; Managing Director, SABMiller Russia; and Managing Director for SABMiller's Central European businesses.
Jamie has 23 years of experience in the global beverage industry, having held a number of senior executive positions before joining SABMiller, notably Group Finance Director and Managing Director - Operations of Highland Distillers plc; Executive Chairman of Maxxium, the international drinks distribution business; Managing Director of Orpar SA, the parent company of Remy Cointreau; Strategy/Finance Director for Scottish Courage Ltd; and Strategy/Project Director for Scottish & Newcastle plc. He has a law degree from the University of Edinburgh, is a qualified chartered accountant and is a member of the Chartered Institute of Taxation.
Jamie becomes deputy Chief Financial Officer of SABMiller with immediate effect, but he will retain his responsibilities as Finance Director for SABMiller Europe until his replacement is appointed.
Malcolm Wyman leaves SABMiller after 25 years of service. He first joined The South African Breweries Ltd in 1986, after a successful career in investment banking in South Africa, and was appointed to the board as Group Corporate Finance Director in 1990. He transferred onto the board of South African Breweries plc upon its listing on the London Stock Exchange in 1999, and became Chief Financial Officer in 2001 with responsibility for the group's finance operations, corporate finance and development, and group strategy. Following his retirement, Malcolm will continue through a consulting arrangement with SABMiller, to provide advice and support to the company.
Graham Mackay, SABMiller group chief executive, commented:
"We owe Malcolm a deep debt of gratitude for the pivotal role he has played in SABMiller's transformation from a small regional business into a leading global brewer. He has made an outstanding contribution to the significant growth of the group through his leadership of our corporate finance activities, which included the transformational transactions with Miller Brewing Company in the US and the Bavaria Group in South America. He has brought a unique and insightful perspective to all of our financial activities.
"His extraordinary dedication, wisdom and good judgement, combined with an unfailing sense of humour and "steadiness under fire" will be greatly missed by me personally and all in the business.
"We all wish Malcolm and his wife Gill a long and happy retirement.
"In Jamie we are fortunate to gain an outstanding talent, with a considerable breadth of industry experience, acquired both within SABMiller and the wider alcohol beverage sector.
"He combines a unique operational, commercial and financial perspective with a proven track record in the business. I believe that his leadership will further enhance the commercial focus of the finance function, ensuring that we leverage value from the range of business capability initiatives that we are progressively implementing throughout the group."
1. Jamie Wilson is not currently a director of any listed company. There is no information required to be disclosed pursuant to LR 9.6.13 (1) to (6) of the Listing Rules
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.
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