TIDMSAB
RNS Number : 5727Z
SABMiller PLC
12 December 2014
HüSEYIN M. AKIN APPOINTED CEO OF COCA-COLA BEVERAGES AFRICA
JOHANNESBURG, SOUTH AFRICA, 12 December 2014 - SABMiller plc
(LSE:SAB, JSE:SABJ), Gutsche Family Investments ('GFI', majority
shareholders in Coca-Cola Sabco) and The Coca-Cola Company
(NYSE:KO) have named Hüseyin M. Akin as Chief Executive Officer
designate of Coca-Cola Beverages Africa.
Hüseyin Akin currently serves as Deputy CEO of the Beverage
Group (comprising beer and soft drinks operations) of Anadolu Efes
and is the Chairman of Coca-Cola Içecek's (CCI) subsidiary boards.
From 1 March 2015, he will lead the strategic and integration
planning for the new bottler which will serve 12 high-growth
countries in Southern and East Africa and account for approximately
40% of all Coca-Cola beverage volumes in Africa. He will take up
his role as CEO of Coca-Cola Beverages Africa after its
establishment, subject to requisite regulatory approvals*.
Phil Gutsche, Chairman-elect of Coca-Cola Beverages Africa,
said: "We are extremely pleased that Coca-Cola Beverages Africa
will benefit from Hüseyin's strength of leadership, experience and
expertise, gained from over 25 years in the Coca-Cola system. I
have every confidence that Hüseyin will add significant value in
ensuring this new African bottler achieves its tremendous growth
potential."
Hüseyin M. Akin, said: "This is a very exciting opportunity to
lead the world's newest Coca-Cola bottler. As the continent's
largest bottler, Coca-Cola Beverages Africa has a generations-long
growth opportunity ahead of it. The next few years will be critical
as we merge and integrate the new business, in readiness to deliver
its full potential."
Prior to his current role, Akin held the position of President,
International Operations for CCI, as well as General Manager for
CCI Turkey. He is an Electrical Engineering and Computer Science
graduate of Princeton University and also holds an MBA in Marketing
and Finance from the Graduate School of Business, University of
Chicago.
* For full details of the proposed merger and the phasing of the
transaction, please refer to the announcement of 27 November 2014:
http://www.sabmiller.com/media/media-releases/the-coca-cola-company-sabmiller-and-coca-cola-sabco-to-form-coca-cola-beverages-africa
Further enquiries
SABMiller plc
Christina Mills
Director, Group Communications and Reputation
Tel: +44 7825 275 605
Richard Farnsworth
Business Media Relations Manager
Tel: +44 7734 776 317
Robyn Chalmers (South African Breweries)
Head: Media and Communications
Tel: +27 11 881 8679
The Coca-Cola Company
Dan Baxter
Group Communications Director
Tel: +90 530 796 9281
Vukani Magubane
Public Affairs and Communications Director
Tel: +27 764 02 0237
Coca-Cola Sabco
Cathy Albertyn
Group Human Resources Director
Tel: +27 41 395 4078
Notes to editors
About SABMiller plc
SABMiller plc is in the beer and soft drinks business. We are
the world's second largest brewing company and are one of the
world's largest bottlers of Coca-Cola drinks. We also produce a
portfolio of wholly-owned soft drinks brands. We are a FTSE-20
company, with shares trading on the London Stock Exchange, and we
have a secondary listing on the Johannesburg Stock Exchange. We
operate in more than 80 countries with around 70,000 employees.
The group's brand portfolio includes leading local brands such
as Aguila (Colombia), Castle (South Africa), Miller Lite (USA),
Snow (China), Victoria Bitter (Australia) and Tyskie (Poland) as
well as global brands such as Pilsner Urquell, Peroni Nastro
Azzurro, Miller Genuine Draft and Grolsch. Every minute of every
day, more than 140,000 bottles of SABMiller beer are sold.
In the year ended 31 March 2014, the group sold 318 million
hectolitres of lager, soft drinks and other alcoholic beverages,
generating group net producer revenue of US$26,719 million and
EBITA of US$6,453 million.
This announcement is available on the company website:
www.sabmiller.com
Further information is also available on:
www.sabmiller.com
www.facebook.com/sabmiller
www.twitter.com/sabmiller
www.youtube.com/sabmiller
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Coca-Cola Sabco
Coca-Cola Sabco is 80% owned by Gutsche Family Investments and
its headquarters are in Port Elizabeth, South Africa. Coca-Cola
Sabco has been a Coca-Cola bottler since 1940, having grown to be
Africa's second largest Coca-Cola Franchised Bottler. In 1995, the
Gutsche family merged their bottling interests with The Coca-Cola
Company's interest in Africa in order to expand and further develop
Coca-Cola Sabco's beverage interests in Africa. Coca-Cola Sabco
employs approximately 8,000 staff across its bottling operations in
South Africa, Namibia, Mozambique, Kenya, Tanzania, Ethiopia and
Uganda.
The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is the world's largest beverage
company, refreshing consumers with more than 500 sparkling and
still brands. Led by Coca-Cola, one of the world's most valuable
and recognizable brands, our Company's portfolio features 17
billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola
Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del
Valle. Globally, we are the No. 1 provider of sparkling beverages,
ready-to-drink coffees, and juices and juice drinks. Through the
world's largest beverage distribution system, consumers in more
than 200 countries enjoy our beverages at a rate of 1.9 billion
servings a day. With an enduring commitment to building sustainable
communities, our Company is focused on initiatives that reduce our
environmental footprint, support active, healthy living, create a
safe, inclusive work environment for our associates, and enhance
the economic development of the communities where we operate.
Together with our bottling partners, we rank among the world's top
10 private employers with more than 700,000 system associates. For
more information, visit Coca-Cola Journey at
www.coca--colacompany.com, follow us on Twitter at
twitter.com/CocaColaCo, visit our blog, Coca-Cola Unbottled, at
www.coca-colablog.com or find us on LinkedIn at
www.linkedin.com/company/the-coca-cola-company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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