SABMiller plc announces appointment of new non-executive director
20 May 2009
SABMiller plc is pleased to announce that Dr Dambisa Moyo has agreed to join the SABMiller board as an independent non-executive director.
Dambisa Moyo, age 40, was born and raised in Zambia, Southern Africa. She completed a Doctorate in Economics at Oxford University and holds a Masters from Harvard University. She has a Bachelors degree in Chemistry and an MBA in Finance at the American University in Washington D.C.
She worked at Goldman Sachs for 8 years in the debt capital markets, hedge fund coverage and global macro-economics teams. Previously she worked at the World Bank in Washington D.C. Dambisa is a writer and commentator on international aid strategies and economics.
She is a Patron for Absolute Return for Kids (ARK), a hedge fund supported children's charity, and serves on the Board of the Lundin for Africa Foundation and on the Board of Room to Read, an education charity. Dambisa was honoured as a World Economic Forum Young Leader in 2009.
Mr Meyer Kahn, Chairman of SABMiller plc, commented:
"I am delighted that Dambisa Moyo has agreed to join our board. Her rare combination of academic experience and real world expertise, combined with a deep knowledge of global economic trends and a real concern for Africa, a continent to which we as a group are hugely committed, will bring a new perspective to our deliberations and will be of great value to SABMiller. Her appointment also enhances the independence and balance of the board whilst continuing the process of progressive renewal."
Dr Moyo will join the board of SABMiller plc on 1 June 2009.
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Notes to editors
SABMiller is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Grolsch, Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as market-leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2009, the group reported US$3,405 million in adjusted pre-tax profit and group revenue of US$25,302 million. SABMiller is listed on the London and Johannesburg stock exchanges.
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