7 December 2011
FOSTER'S CEO STEPS DOWN
Following the successful acquisition of Foster's Group Ltd by
SABMiller plc, John Pollaers, CEO of Foster's Group, and
SABMiller have agreed that he will step down from his current
role on 16 December 2011.
The Chairman of Foster's Group, David Crawford, acknowledged
the success of the strategy put in place by John over the
past two years.
"John's strategy realised significant benefits and put the
company in a strong position to realise significant
shareholder value," Mr Crawford said.
"I thank John for his leadership and professionalism during
this period and wish him the very best for his future
endeavours."
To ensure a smooth transition John will be available to
provide advice to SABMiller during the first few months of
2012.
In making this announcement John Pollaers said "being CEO of
Foster's and Managing Director of CUB have been the
highlights of my career. I am excited and looking forward to
new challenges.
"The past two years have seen big changes within the business
and I am proud to have led the company through this
period.
"The demerger of the wine business, a significant
restructure, and the relaunch of the iconic
CUB brand have allowed this business to believe in itself
again and succeed.
"I wish SABMiller, Graham Mackay, Ari Mervis, the new head of
Foster's, and the Foster's team, all the best for a bright
future."
The effective date of acquisition will be 16 December
2011.
Please refer to announcement from SABMiller for further
information.
Andrew Butcher
Butcher & Co.
Tel: +61 3 9654 0735
Mob: +61 400 841 088
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