International brewery SABMiller is set to overhaul its senior management with the planned retirement of chairman Meyer Kahn this summer.
Kahn’s retirement on 26 July, 46 years since her began to work for the company, will see group managing director and chief executive Graham Mackay, become executive chairman for a year, which will then see him made non-executive chairman at the 2013 AGM.
SABMiller Europe’s current managing director Alan Clark will be appointed as chief operating officer for the group, as well as being made an executive director who will succeed Mackay as chief executive next year, it is planned.
Also planned is that John Manser, senior independent non-executive director and chairman of the Audit Committee, will also become deputy chairman to the board, and Sue Clarke, group director of corporate affairs, will succeed Clarke as managing director of SABMiller Europe.
Manser commented; “The senior management team at SABMiller has been one of the most stable and consistent in the FTSE 100, with the chairman and chief executive being amongst the longest serving in their respective posts. Under Meyer Khan’s extraordinary leadership, both as group managing director and latterly as chairman, the Group has grown from its South African roots to become one of the world’s largest and most respected brewers. The group and its shareholders owe a huge debt to Meyer and to the executives whom he has developed and who have worked so closely with him over his years at the helm.”