SABMiller plc announces changes to board
3 May 2007
SABMiller plc announces today that Ms Nancy De Lisi, a non-executive director and a member of the audit committee, stepped down from the Board with effect from 30 April 2007, following her retirement from the Altria Group, Inc. (“Altria”). Ms De Lisi was nominated for appointment to the Board and to the audit committee under the terms of the Relationship Agreement entered into between Altria and the Company as part of the Miller Brewing Company transaction in 2002, and had served as a director since 9 September 2002.
Altria has nominated Mr Dinyar Devitre to replace Ms De Lisi. Mr Devitre is Senior Vice President and Chief Financial Officer of Altria and will join the SABMiller board as a non-executive director and a member of the audit committee with effect from 16 May 2007.
Mr Meyer Kahn, Chairman of SABMiller plc commented:
“On behalf of the board of directors and the shareholders of SABMiller, I extend to Ms De Lisi our warmest regards and our thanks for her outstanding contribution to our deliberations during her directorship. She has brought considerable experience and insight to the board, and with her financial background has enhanced the independence and effectiveness of our audit committee. We wish her a long and happy retirement and she goes with our good wishes. In her place, we look forward to welcoming Mr Devitre to our board, and to benefiting from his contribution to our endeavours.”
Pursuant to Listing Rule 9.6.13R(1), details of all directorships held by Mr Devitre in any publicly-quoted company at any time in the previous five years, are set out below:
Mr Devitre serves on the board of directors of Western Union Company and served on the board of directors of Kraft Foods Inc. from August 2002 until March 2007.
He is also a Trustee of Lincoln Centre Inc., the Asia Society and the Brooklyn Academy of Music.
There are no details to disclose under paragraphs 9.6.13(2) to (6) of the Listing Rules.
General Counsel and Group Company Secretary
Notes to editors
SABMiller plc is one of the world’s largest brewers with brewing interests or distribution agreements in over 60 countries across six continents. The group’s brands include premium international beers such as Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional range of market leading local brands. Outside the USA, SABMiller plc is also one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2006, the group reported US$15,307 million in revenue and profit before tax of $2,453 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.
This announcement is available on the company website: www.sabmiller.com.
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