E-Malt.com News article: 3437

Belgium, Brussels: InBev has recently announced that its Board of Directors acknowledges on October 8, 2004 the honorable resignation of Bernard Hanon, who is giving up his duties as Director. His resignation is effective as from October 7, 2004. The Board has decided to replace him by Mark Winkelman, who will fill the vacancy left by Mr. Hanon. The confirmation of Mr. Winkelman as Director, as well as his qualification as an independent Director, within the context of article 524 of the Belgian Code of Companies, will be placed to the vote of the shareholders at the next shareholders' meeting.

Mr. Winkelman, born in 1946, is a citizen of the Netherlands. He served as a Management Committee member of Goldman Sachs & Co. from 1988 to 1994, where he is now a Senior Director. He holds a degree in Economics from the Erasmus University in Rotterdam, and an M.B.A. from the Wharton School at the University of Pennsylvania, where he is a Trustee. Before joining Goldman Sachs in 1978, he served at the World Bank for four years as a Senior Investment Officer.

Pierre Jean Everaert, Chairman of the Board thanking Bernard on behalf of the Directors, said: "Bernard was a decisive part of every acquisition of Interbrew in the past fourteen years. He fully endorsed the strategies, which lead us to building the current InBev Corporation, the world's largest brewer by volume. The Board and the executives of InBev wish him a well deserved retirement".

InBev is a publicly traded company (Euronext: INB) based in Leuven, Belgium. The company's origins date back to 1366, and today it is the leading global brewer by volume. InBev's strategy is to strengthen its local platforms by building significant positions in the world's major beer markets through organic growth, world-class efficiency, targeted acquisitions, and by putting consumers first. InBev has a portfolio of more than 200 brands, including Stella Artois®, Brahma®, Beck's®, Leffe®, Hoegaarden®, Staropramen® and Bass®. InBev employs some 70,000 people, running operations in over 30 countries across the Americas, Europe and Asia Pacific. In 2003, InBev realized a net turnover of approximately 9.3 billion euro (2003 pro forma).


12 October, 2004