By Rory Gallivan

LONDON--Dutch brewer Heineken N.V. (HEIA.AE) has confirmed media speculation it is looking for a replacement for its chief financial officer Rene Hooft Graafland.

"The Supervisory Board of Heineken N.V. confirms that it has recently initiated a process to identify a successor for Rene Hooft Graafland as CFO and member of the executive board as his current four-year term expires on 23 April 2015," Heineken said Friday.

"This process is on-going and no decisions have been made regarding candidates or timing."

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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