NB APPOINTS NEW MANAGING DIRECTOR, ANNOUNCES CHANGES IN MGT TEAM

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Nigerian Breweries Plc has announced the appointment of Mr. Jordi Borrut Bel as the Company’s Managing Director/CEO. The appointment takes effect on January 22, 2018. Mr. Borrut Bel will succeed Mr. Johan Doyer who has served as Managing Director/CEO on an interim basis since June 16, 2017. The Board of Directors (“the Board”) has informed the Nigerian Stock Exchange of the appointment.

Mr. Borrut Bel is currently the Managing Director of HEINEKEN’s subsidiary in Burundi, Brarudi S.A. and a Board member of Bralirwa Limited, Rwanda, also a HEINEKEN subsidiary in Rwanda. Mr. 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 into the organization and eventually became the On-Premise and Distribution Director and a member of the Management Team.

Mr. Borrut Bel was appointed the Managing Director 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 Mr. Borrut 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.

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