Nigerian Breweries Plc on Tuesday notified the Nigerian Stock Exchange (NSE) of the appointment of the new managing director/chief executive officer, Mr. Jordi Borrut Bel. The appointment takes effect on January 22, 2018 and he will succeed Mr. Johan Doyer, who has served as MD/CEO on an interim basis since June 16, 2017.

Mr. Borrut Bel is currently the MD of Heineken’s subsidiary in Burundi, Brarudi S.A. and a Board member of Bralirwa Limited, Rwanda, also a Heineken’s subsidiary in Rwanda.

The company explained that Borrut Bel joined Heineken Spain in 1997 as Sales Representative and subsequently held increasingly senior management positions in different countries, first as Distribution Project Manager in Slovakia, Brand Manager in France and Trade Marketing Manager at the Head Office in The Netherlands. In 2006, he returned to Heineken Spain where he evolved in the organisation and eventually became the On-Premise and Distribution Director and a member of the Management Team.

“Mr. Borrut Bel was appointed the MD of Brarudi S.A. in 2015 and has successfully led the company through a very turbulent period, strengthening the company’s route-to-market and launching successful innovations. The Board is confident that Bel’s track record and broad experience stand him in a very good position to drive Nigerian Breweries Plc’ strategy and consolidate its leadership position in the Nigerian market,” the company said.

In a related development, the company has also announced the resignations of Mr. Victor Famuyibo (Human Resource Director) and Mr. Hubert Eze (Sales Director) from the board with effect from January 27, 2018 and January 31, 2018 respectively. While Mr. Famuyibo’s resignation follows from his attaining the company’s mandatory retirement age of 60 years, Eze’s resignation is preparatory to his taking up a higher role in the Heineken organisation.

Mrs. Grace Omo-Lamai will replace Famuyibo, while Mr. Uche Unigwe will replace Eze. Omo-Lamai joined the company on October 23, 2017 from Nigerian Bottling Company Ltd, where she was the Director of Human Resources. Mr. Unigwe, on the other hand, joined the company in 1989 as a Trainee Brewer. He is currently the General Manager, Heineken East Africa, based in Nairobi.

Meanwhile, the stock market resumed for the week on negative note on profit taking. The NSE All-Share Index fell 0.88 per cent to close at 38,913.99, while market capitalisation shed 119.6 billion to close at N13.6 trillion.