INTBREW Announces Resignation and Appointment of Directors


Thursday, December 12, 2019 / 02:30 PM / NSE / Header Image Credit: International Breweries

The Board of International Breweries Plc wishes to announce the resignations of Mrs. Annabelle Degroot as Managing Director and Mr. Zuber Momoniat as the Finance Director of the Company with effect from 31 December 2019.


Annabelle Degroot will be moving into a new role in Europe within the AB InBev group.


Annabelle Degroot played an integral part in the restructuring and transformational changes witnessed by the Company which earned the Company the No. 2 position in the Nigerian brewing industry.


Mr. Hugo Dias Rocha will replace Annabelle Degroot as Managing Director and Mr. Bruno Sambrano Arana will replace Mr. Zuber Momoniat as Finance Director.


Mr. Hugo Dias Rocha joined AB InBev 24 years ago and has worked in different leadership roles within the Sales, Process Integration and Human Resources functions in various countries including Brazil, Dominican Republic, China, Colombia, Argentina and South Africa.


Mr. Hugo Dias Rocha holds a Masters in Business Administration (MBA) from the Sao Paulo Business School, Brazil and a Degree in Mechanical Engineering from the Federal University, Paraisa, Brazil.


Mr. Bruno Sambrano Arana holds a Masters in Business Administration (MBA) from Mccombs School of Business - Austin, Texas. Bachelor of Science in Economics from University of Texas at Arlington - Arlington, Texas. Mr. Sambrano Arana comes with tremendous experience in all financial aspects from the ABInBev's businesses in Latin America, East Africa and South Africa.


The Board is confident that these new appointments will ensure continuity, boost the overall Strategy of the Company towards profitability for all stakeholders.


Visit  International Breweries Plc IR Page in Proshare MARKETS

Graph - One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.


Table: Unaudited Q3 2019 Results

Proshare Nigeria Pvt. Ltd.


Related News

1.       INTBREW Shareholders Approve Proposed Rights Issue; Price Put At N9.00

2.      INTBREW Board Approves A Proposal For A Rights Issue As A Form of Capital Raising

3.      International Breweries Plc Restructures Its Board of Directors

4.      INTBREW Reports Q1 2018 Results; Records Pre-tax and Post-tax Losses of N2.6bn and N2.2bn Respective

5.      INTBREW Declares N2.24bn Loss in Q1 2018 Results,(SP:N51.80k)

6.      INTBREW Declares N1.49bn PAT in 2017 Audited Results,(SP:N54.40k)

7.      INTBREW Reports Q4 2017 Results - Neutral to Negative Reaction Expected by The Market

8.     DANGSUGAR, INTBREW Top Gainers as MORISON, JAIZBANK Top Losers in 2017

9.      DANGSUGAR, MAYBAKER and INTBREW Among Best Performing Stocks in 2017

10.  INTBREW Declares N52.20 mln Loss in Q2'17 Results,(SP:N7.35k)

11.   INTBREW Pre-tax and Post-tax Losses Widened to -N1.2bn and -N1.4bn Respectively in Q2 2018 Results

Related News