World: SABMiller announces new CFO

SABMiller plc announced on May, 4 that Malcolm Wyman, Chief Financial Officer, has confirmed his intention to retire from the company at the end of August 2011, and he will stand down from the board at the forthcoming AGM on 21 July 2011.

Malcolm will be replaced by James ("Jamie") Wilson, currently Finance Director for SABMiller Europe. Jamie joined SABMiller in 2005 and has held a number of senior positions in the group, including Senior Vice President, Market Development and Strategy, Miller Brewing Company, USA; Managing Director, SABMiller Russia; and Managing Director for SABMiller's Central European businesses.

Jamie becomes deputy Chief Financial Officer of SABMiller with immediate effect, but he will retain his responsibilities as Finance Director for SABMiller Europe until his replacement is appointed, the world’s second-largest brewer said.

Malcolm Wyman leaves SABMiller after 25 years of service. He first joined The South African Breweries Ltd in 1986, after a successful career in investment banking in South Africa, and was appointed to the board as Group Corporate Finance Director in 1990. He transferred onto the board of South African Breweries plc upon its listing on the London Stock Exchange in 1999, and became Chief Financial Officer in 2001 with responsibility for the group's finance operations, corporate finance and development, and group strategy. Following his retirement, Malcolm will continue through a consulting arrangement with SABMiller, to provide advice and support to the company.

04 May, 2011