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REAL REASON WHY NIGERIAN BREWERIES MANAGING DIRECTOR RESIGNED

By Iyanu Oluwajomiloju/….

 

Nigerian Breweries Plc last wek annunced that its Managing Director/CEO, Mr. Nicolaas Vervelde, will complete his assignment in the Company on the 16th of June, 2017 to take up a new role within the HEINEKEN Group outside Nigeria. In anticipation of and preparatory to assuming his new role, Mr. Vervelde submitted a letter of resignation to the Board of Directors (“the Board”) at the Board Meeting held on the 3rd of May, 2017. The Board accepted the resignation which will take effect on the 16th of June 2017 and has informed The Nigerian Stock Exchange of the development

Meanwhile, HEINEKEN N.V. has announced the appointment of Mr. Nico Vervelde as Managing Director (MD) of its Asia Pacific Region. As a Cluster MD across the Asia Pacific region, Mr. Vervelde will take responsibility for Singapore, Indonesia, Philippines, Papua New Guinea, Solomon Islands, New Zealand, Australia, New Caledonia, East Timor and HEINEKEN Asia Pacific Export. He will resume in his new role on August 1, 2017.

Mr. Vervelde, who is currently Managing Director/CEO of Nigerian Breweries Plc, was previously Managing Director of HEINEKEN Caribbean and Central America for four years. He joined HEINEKEN in 1984 as a Management Trainee and subsequently held a number of ever increasing senior management roles in the Netherlands, Rwanda, Bahamas, Ireland and Puerto Rico. He also served as Deputy Director and Director for the Africa and Middle-East region.

The Board of Nigerian Breweries has commenced the process of identifying a successor for Mr. Vervelde as Managing Director/CEO and will make an announcement in that regard in due course.