Fidelia Okafor

The managing director/chief executive of Nigerian Breweries, Nicolaas Vervelde, has resigned with effective from June 16.

A statement issued by Uaboi Agbebaku, the company’s secretary/legal adviser, said Vervelde resigned to take up a new role within the Heineken Group outside Nigeria.

“In anticipation of that and preparation to take up a new appointment, Vervelde submitted a letter of resignation, from the board and the company, to the board of directors at the board meeting held yesterday, the 3rd of May, 2017,” he said.

“The country has recorded several laudable milestones with Vervelde at the helm of affairs including  the expansion of its operations through the the acquisition of additional breweries .

“Through a twin agenda of cost leadership and market leadership supported by innovation, the company also extended its portfolio of brands while equally focusing on internal efficiencies. The company ensured a consistently good return on investment for its shareholders.”

“The board has immediately commenced the process of identifying a replacement for Mr. Vervelde and will make an announcement in that regard in due course.”

Newscorner.com.ng recalled that Nicolaas A. Vervelde, also known as Nico, has been the Chief Executive Officer, Managing Director and Executive Director of Nigerian Breweries Plc since August 1, 2010

He was appointed as an independent non-executive director, bringing a wealth of knowledge to the Board of Directors of Forte Oil following his diverse experience a year ago.