Mabuza chosen to steer AB InBev Africa board
AB InBev has appointed seasoned businessman Jabu Mabuza as the chairman of its Africa board.
|||Johannesburg - The world’s largest brewer, Anheuser-Busch (AB) InBev had appointed seasoned businessman, Jabu Mabuza, as the chairman of its Africa board, the group announced yesterday.
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AB InBev, which in the final stages of a merger with London-listed SABMiller, yesterday announced the post-merger organisational structure and leadership.
The merged entity’s executive board of management will be made up of zone presidents and functional heads. The African Zone will be based in Johannesburg and will include several African countries.
The company said Mabuza, who is the chairman of Telkom, and AB InBev chief executive, Carlos Brito would, in the coming months, finalise the governance and constitution of the board. Brito would also be a member of the Africa board, AB InBev said.
Along with Telkom’s chief executive, Sipho Maseko, Mabuza has been widely credited for turning around the listed telecoms group.
Mabuza is also the chairman of investment holding company, Sphere Holdings and Business Unity SA. He is a former chief executive of hotel, gaming and entertainment group, Tsogo Sun Holdings.
“We are fully committed to driving growth across the African continent, working very closely with the communities in which the business operates to advance both the commercial and social agendas,” Brito said.
He said Mabuza’s entrepreneurial background, pan-African experience and involvement with the public sector would be invaluable to the combined group and the Africa board, “which will play an important role in advising the business across the continent as it moves forward”.
AB InBev has also appointed Yokesh Maharaj, who is a sales and distribution director for SAB, as the business unit president South Africa. Maharaj will succeed Mauricio Leyva, who will become zone president for the Middle Americas.
The group said the appointments would be effective upon the completion of the merger with SABMiller.
The deal is expected to be completed on October 10.
BUSINESS REPORT