Daily Archives: May 4, 2017

Nigerian Breweries Managing Director, Nicolaas Vervelde to leave post in June

Mr. Nicolaas-Vervelde

Nigerian Breweries Plc, announced on Thursday that its long-serving Managing Director/CEO, Mr. Nicolaas Vervelde, will leave his post on 16th June 2017 to take up a new role within the HEINEKEN Group outside Nigeria.

Mr. Vervelde, who has been serving as the company’s MD for nearly 7-years, was formerly a non-Executive Director of the company before rejoining the board on 1st August 2010 as Managing Director/CEO.

In a statement released by the company, it said that “The Company has recorded several laudable milestones with Mr. Vervelde at the helm of affairs including the expansion of its operations through acquisition of additional Breweries.

AB InBev posts impressive first quarter results amid struggles in U.S., Brazil

Anheuser-Busch InBev on Thursday reported a 3.7% revenue growth in the first quarter of 2017 (Jan – Mar) to $12.92bn.The growth was helped by increased volume sales activity in Latin America and Asia as well as revenue management and premiumization initiatives throughout its markets.