Nigerian Breweries looks for new MD as Vervelde resigns

Mr. Nicolaas Vervelde has resigned as the Managing Director of Nigerian Breweries Plc. However, this will take effect on June 16, 2017.

A statement issued by the company on Thursday explained that Mr. Vervelde was leaving to take up “a new role within the Heineken Group outside Nigeria.”

The statement, signed by the firm’s legal adviser, Mr. Uaboi Agbebaku, stated further that board of Nigerian Breweries has received and approved Mr. Vervelde’s resignation.

The letter, it was disclosed, was submitted by Mr. Vervelde to the Board of Directors at the Board Meeting held on Wednesday, May 3, 2017.

In view of this, Mr. Agbebaku said, “The Board has immediately commenced the process of identifying a replacement for Mr. Vervelde and will make an announcement in that regard in due course.”

Mr. Vervelde, having previously served on the board as a non-executive director, joined Nigerian Breweries in August 2010 as Managing Director 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,” the statement said.

It added that, “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.”