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SABMiller PLC (SAB)

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Wednesday 08 July, 2015

SABMiller PLC

Directorate Change

RNS Number : 4422S
SABMiller PLC
08 July 2015
 



8 July 2015

 

SABMiller confirms Domenic De Lorenzo as Chief Financial Officer

 

The board of SABMiller plc intends to appoint Domenic De Lorenzo as an executive director and as Chief Financial Officer with effect from the conclusion of the forthcoming annual general meeting, to be held on 23 July 2015.

Domenic, currently Director of Group Strategy and Corporate Development and a member of the Group's executive committee, has been the acting Chief Financial Officer since 19 February 2015.

 

John Manser, Chairman, said: "The board considered a number of high quality internal and external candidates, and concluded that Domenic was the best-qualified for the role. He has a strong track record in his previous positions within the group, which has given him deep experience of developing our business and our people, and shaping our strategy. He is a highly capable executive and will be a valuable addition to the board."

 

Alan Clark, Chief Executive, said: "Dom proved an outstanding candidate for appointment as chief financial officer and will hit the ground running after a strong five months acting in the role. He has quickly made a positive impact and built a high level of credibility and community in our finance team, and with our senior business leaders, our executive committee, and our board. I look forward to continuing to work with Dom as we pursue our vision to make SABMiller the most admired beverage company in the world."

 

Domenic De Lorenzo assumed responsibility in August 2014 for group strategy alongside his previous responsibilities as Director of Corporate Finance and Development. He is a chartered accountant by training, and has been closely involved in the Group's finance strategy since his appointment to the Group's executive committee in 2011. He is a 19-year veteran of the group, having originally joined SABMiller's corporate finance team in 1996 from UAL Investment Bank in South Africa. During his career with SABMiller, he has been involved in many of its key transactions, including Pilsner Urquell, Miller Brewing Company, Peroni, Bavaria, Grolsch, the formation of the MillerCoors joint venture and the Foster's acquisition.

 

Ends

 

Notes:

1.         Domenic De Lorenzo 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.

 

2.         Domenic's remuneration on appointment as an executive director will be set in accordance with the company's approved remuneration policy. Further details will be disclosed following confirmation of his appointment on 23 July 2015 after a board meeting to be held that day.

 

3.         In accordance with the company's articles of association, Domenic will submit himself for election by shareholders at the company's next annual general meeting in July 2016.

 

Notes to editors

SABMiller plc

SABMiller is in the beer and soft drinks business, bringing refreshment and sociability to millions of people all over the world who enjoy our drinks. The company does business in a way that improves livelihoods and helps build communities.

 

SABMiller is passionate about brewing and has a long tradition of craftsmanship, making superb beer from high quality natural ingredients. Our local beer experts brew more than 200 beers from which a range of special regional and global brands have been carefully selected and nurtured.

 

SABMiller is a FTSE-20 company, with shares trading on the London Stock Exchange, and a secondary listing on the Johannesburg Stock Exchange. The group employs around 69,000 people in more than 80 countries, from Australia to Zambia, Colombia to the Czech Republic, and South Africa to the USA.  Every minute of every day, more than 140,000 bottles of SABMiller beer are sold around the world.

 

In the year ended 31 March 2015, SABMiller sold 324 million hectolitres of lager, soft drinks and other alcoholic beverages, generating group net producer revenue of US$26,288 million and EBITA of US$6,367 million.

 

This announcement is available on the company website: www.sabmiller.com

 

Further information is also available on:

www.sabmiller.com

www.facebook.com/sabmiller

www.twitter.com/sabmiller

www.youtube.com/sabmiller

 

Enquiries

SABMiller plc
t: +44 20 7659 0100

Gary Leibowitz

Director, Investor Engagement

SABMiller plc

t: +44 20 7659 0119

Richard Farnsworth
Business Media Relations Manager

SABMiller plc

t: +44 7734 776 317

 


 


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