Nicolaas Vervelde quits Nigeria Breweries

Nicolaas Vervelde

Nigeria Breweries Plc said its Managing Director/CEO, Mr. Nicolaas Vervelde has resigned his appointment from the company.

Nigeria Breweries said in a statement that Nicolaas Vervelde will complete his assignment with Nigerian Breweries Plc on the 16th of June, 2017 to take up a new role within the Heineken Group outside Nigeria.

The company disclosed that Mr. Vervelde submitted a letter of resignation, from the Board and the Company, to the Board of Directors at the Board Meeting held yesterday, the 3rd of May, 2017. The Board accepted the resignation which will take effect on the 16th of June 2017.

Having previously served on the Board as a Non-Executive Director, Mr. Vervelde re-joined the Board on the 1st of August, 2010 as Managing Director/CEO 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.

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.

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.

Nigeria Breweries is the largest brewer in West Africa with the largest volume in Nigeria, Heineken N.V owns controlling stake in the company.

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