Daily Archives: November 28, 2016

Heineken to reappoint its CEO to fourth term

November 28, 2016   Editor   1 Comment

Amsterdam-based Heineken N.V announced in October that it would seek a rare fourth, four-year term for its Chief Executive Officer, Jean-Francois van Boxmeer at the company’s next Annual General Meeting set to be held in April 2017.

Mr. van Boxmeer, who started working for Heineken in 1984, would be the second CEO in the company’s history to have had such a long tenure. Only the late Freddy Heineken, the grandson of the company’s founder had a longer tenure.

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Fourth Quarter will be just as tough for Nigerian Consumer Firms – Analysts

November 28, 2016   Editor   No comments

Some of Nigeria’s biggest companies suffered losses in the third quarter as the naira continued to depreciate against major world currencies and with inflation spiking to 18.3% as of October, amid a drop in consumer spending and foreign currency scarcity.

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