International Breweries Plc Appoints Hugo Dias Rocha As Managing Director; Annabelle Degroot Resigns

International Breweries Plc Appoints Hugo Dias Rocha As Managing Director; Annabelle Degroot Resigns

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The Board of International Breweries Plc wishes to announce the resignations of Mrs. Annabelle Degroot as Managing Director and Mr. Zuber Momoniat as the Finance Director of the Company with effect from 31 December 2019.

Annabelle Degroot will be moving into a new role in Europe within the AB InBev group.

Annabelle Degroot played an integral part in the restructuring and transformational changes witnessed by the Company which earned the Company the No. 2 position in the Nigerian brewing industry.

Mr. Hugo Dias Rocha will replace Annabelle Degroot as Managing Director and Mr. Bruno
Sambrano Arana will replace Mr. Zuber Momoniat as Finance Director.

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Mr. Hugo Dias Rocha joined AB InBev 24 years ago and has worked in different leadership roles within the Sales, Process Integration and Human Resources functions in various countries including Brazil, Dominican Republic, China, Colombia, Argentina and South Africa.

Mr. Hugo Dias Rocha holds a Masters in Business Administration (MBA) from the Sao Paulo
Business School, Brazil and a Degree in Mechanical Engineering from the Federal University,
Paraisa, Brazil.

Mr. Bruno Sambrano Arana holds a Masters in Business Administration (MBA) from Mccombs School of Business – Austin, Texas. Bachelor of Science in Economics from the University of Texas at Arlington – Arlington, Texas. Mr. Sambrano Arana comes with tremendous experience in all financial aspects from the ABInBev’s businesses in Latin America, East Africa and South Africa.

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The Board is confident that these new appointments will ensure continuity, boost the overall strategy of the Company towards profitability for all stakeholders.

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