International Breweries has announced the composition of a new board of directors. This is sequel to the merger of Intafact Beverages Limited and Pabod Breweries. The new board of directors is to reflect the new ownership structure of the company.
The company also announced a change in registered address which was previously Lawrence Omole Way, Ilesa, Osun State to 22/36 Glover Road, Ikoyi, Lagos.
The new board is to be chaired by Igwe Naemeka Alfred Achebe. He replaces Mr. Sunday Omole, who has stepped down as the chairman of the company.
Shareholders also approved the appointment of Annabelle Degroot as the new Managing Director.
Degroot was the Managing Director of Zambian Breweries Plc prior to joining IB Plc. She holds a Bachelor of Arts and a Master’s degree in Economics from Cambridge University.
She is a qualified Chartered Accountant from the Institute of Chartered Accountants,
England and Wales (ICAEW) and also a Fellow of the Zambian Institute of Chartered
Accountants.
Zuber Momoniat was also appointed Finance Director of the company.
Momoniat holds a National Diploma in Biotechnology from the Witwatersrand Technikon in South Africa, a B.Com. in accounting as well as financial accounting from the University of Witwatersrand in Johannesburg, South Africa.
He was the Finance Manager at PABOD Breweries Limited (Subsidiary of ABInbev) from where he was appointed as the Finance Director for International Breweries Plc.
HRM Igwe Peter Nwokike Anugwu JP, OFR. – Non-Executive Director
He holds a Diploma in Agricultural Engineering from the School of Agriculture, Umudike in Abia State.
He is a traditional ruler of the ancient Mbaukwu Kingdom in Anambra State and Member, State Traditional Rulers Council and the Elders Council of Anambra State. He is currently the Chairman of the Board of Directors of Julius Berger Services Nigeria Limited.
Michael Onochie Ajukwu – Non-Executive Director
He holds a BSc (Finance) from the prestigious University of Lagos and an MBA from the New York University. He served as an Executive Director, Corporate Banking with United Bank for Africa.
Ajukwu has over 21 years of experience in the banking industry with a specialty in the Energy and Multinational sector.
He serves as Chairman of Altech West Africa Limited, Munca Properties Limited, and Mobax Nigeria Ltd. He has been an Independent Director of Tiger Brands Limited since 2015.
Abiye Tobin-West – Non-Executive Director
As a highly experienced graduate of Economics with Bachelors and Masters Degrees, Tobin-West is well versed in issues of taxation, management of investment portfolios including recapitalization and divestments.
Abiye Tobin-West is a life member of the Economic Society of Nigeria, a fellow of the Chartered Institute of Taxation, and a member of the Institute of Cost and Management Accountants.
Phillip Redman – Non-Executive Director
Phillip Redman holds an MBA from the London Business School and a Master’s degree in
Mechanical Engineering from the University of Bristol, UK.
Phil joined the then SABMiller, now AB InBev in 2012, as an Innovation Manager in the Group Office in London. He is currently the General Manager at Accra Breweries Limited.
I don’t expect loss cos they are doing well in trade.