Nigerian Breweries’ MD Set for New Role in Heineken Group

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Obinna Chima

The Nigerian Breweries Plc thursday announced that its Managing Director/CEO, Mr. Nicolaas Vervelde, will complete his assignment in the company on June 16, 2017 to take up a new role within the Heineken Group outside Nigeria.

The Head of Corporate Affairs Adviser, Nigerian Breweries Plc, Kufre U. Ekanem, explained in a statement that in anticipation of and preparatory to assuming his new role, Vervelde submitted a letter of resignation to the Board of Directors at a meeting held on May 3.

“The board accepted the resignation which will take effect on June 16, 2017 and has informed the Nigerian Stock Exchange of the development. Having previously served on the Board as a non-executive Director, Mr. Vervelde rejoined the board on August 1, 2010 as Managing Director/CEO and has successfully managed the affairs of the company ever since.

“ The company has recorded several laudable milestones with Mr. Vervelde at the helm of affairs including the expansion of its operations through the 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 throughout his tenure despite the recent challenges of the operating environment,” the statement added.

It also revealed that the board of Nigerian Breweries has immediately commenced the process of identifying a replacement for Vervelde and would make an announcement in that regard in due course.