Pursuits
SABMiller’s Mackay to Hand Over CEO Reins in Board Overhaul
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SABMiller Plc, the world’s second-largest brewer by volume, plans a boardroom overhaul with Chief Executive Officer Graham Mackay succeeding the company’s veteran chairman before being replaced as CEO by the European head.
Mackay, 62, will hold the dual roles for a year, taking over from Chairman Meyer Kahn after July’s annual general meeting and handing over the CEO reins to Alan Clark at the following year’s meeting, SABMiller said in a statement today. Kahn, 72, is retiring after 46 years with the brewer.