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Post date: 08/04/2016 - 17:24

Anheuser-Busch InBev sweeps away SABMiller in new-look leadership team

Anheuser-Busch InBev's executive committee will retain only one SABMiller employee as it prepares a clear-out of the takeover target's staff and global offices.

In a new-look leadership team unveiled today, current CEO of SAB South Africa Mauricio Leyva is the sole SABMiller representative on an 18-strong board. Leyva will become zone president for Middle Americas at AB InBev.

Anheuser-Busch InBev's executive committee will retain only one SABMiller employee as it prepares a clear-out of the takeover target's staff and global offices.

In a new-look leadership team unveiled today, current CEO of SAB South Africa Mauricio Leyva is the sole SABMiller representative on an 18-strong board. Leyva will become zone president for Middle Americas at AB InBev.

Three current SABMiller executive committee members - general counsel John Davidson, human resources head Johann Nel and Africa MD Mark Bowman - will stay on for a six-month transitional period only, AB InBev said.

The rest of SABMiller's leadership team, including CEO Alan Clark and CFO Domenic De Lorenzo, will leave on or around the date of the company's acquisition by AB InBev, which is expected to take place on 10 October.

Meanwhile, AB InBev will close SABMiller's regional offices in Miami, Hong Kong and Beijing, which employ a combined 145 people, mostly in the US. The future of the European hub in Zug, and its 26 staff, will be decided as part of the divestment of SABMiller's central & eastern European beer brands. The brands have been put up for sale and are likely to be sold after AB InBev completes its acquisition of SABMiller.

A presence will be retained in SABMiller's UK office in Woking for a transitional period, AB InBev said, though its global HQ in London's Stanhope Gate will close. About 570 people are employed by SABMiller in the UK, including 51 at Stanhope Gate.

Meanwhile, the office in Johannesburg will continue operations as AB InBev's Africa hub. As part of South African regulator's consent to the SABMiller takeover, there must be no involuntary job losses in the country at any point in the future. Yokesh Maharaj, currently sales and distribution director for SAB, will become president for the South African business unit, succeeding Leyva.

Company statement on August 4, which comes less than a week after SABMiller's board backed a revised offer from AB InBev, effectively sealing the GBP79bn (US$103bn) deal, the Budweiser brewer said its official global headquarters will remain in Leuven, Belgium, but that most of the global leadership team will be based in New York.

The group will be structured into nine geographical regions, with AB InBev's Asia-Pacific zone now spilt into two. The regions are:

North America, headquartered in St Louis
Middle Americas, headquartered in Mexico City
Latin America North, headquartered in São Paulo
Latin America South, headquartered in Buenos Aires
Latin America COPEC, headquartered in Bogotá
Europe, headquartered in Leuven
Asia Pacific North (China, South Korea and Japan), headquartered in Shanghai
Asia Pacific South (Australia, New Zealand, India, Vietnam and other South and Southeast Asian countries), headquartered in Melbourne
Africa, headquartered in Johannesburg