SABMiller to appoint Domenic De Lorenzo as chief financial officer

SABMiller plc said on Wednesday it intended to appoint Domenic De Lorenzo as its executive director and as chief financial officer with effect from the conclusion of the forthcoming annual general meeting to be held on July 23.

De Lorenzo, currently director of group strategy and corporate development and a member of the group's executive committee, had been the acting chief financial officer since February 19.

SABMiller chairman John Manser said the board considered a number of high-quality internal and external candidates, and concluded that De Lorenzo was the best qualified for the role.

Alan Clark, the CEO of SABMiller, said: "Dom proved an outstanding candidate for appointment as chief financial officer and will hit the ground running after a strong five months acting in the role. He has quickly made a positive impact and built a high level of credibility and community in our finance team, and with our senior business leaders, our executive committee, and our board. I look forward to continuing to work with Dom as we pursue our vision to make SABMiller the most admired beverage company in the world."

Source: INET BFA