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.
â€œThe 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.
â€œ 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,â€ 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.