Advertise with

SABMiller CEO Graham Mackay dies
SABMiller CEO Graham Mackay dies

SABMiller CEO Graham Mackay dies

LIQUOR NEWS - Dec 20th 2013, 08:21

Cape Town - SABMiller [JSE:SABMiller] announced on Wednesday that its chairperson Graham Mackay, who has been with the company for 35 years, has passed away. Mackay was diagnosed with a brain tumour in April 2013.

Mackay died peacefully on Wednesday morning in Hampshire with his family at his side, the group said in a statement.

Under his leadership SABMiller made rapid inroads across Africa, Asia, Australasia, Europe, Latin America and the United States, according to a biography on the company's website.

Mackay graduated from the University of the Witwatersrand in 1972 with a BSc in engineering, and gained a BCom from the University of South Africa in 1977.

He was brought up in Swaziland, Natal and Zimbabwe.

John Manser, who has been acting chairperson, will take over as chairperson with immediate effect, while Guy Elliott has been appointed as senior independent director.

"Graham was one of the most inspirational and successful leaders in international business by any measure," said Manser.

"Everyone in the SABMiller family has been blessed by his vision, his loyalty and his friendship during his 35 years with the group."

He said the board is confident that the group will continue to build on Graham's legacy and fulfil his vision to make SABMiller the most admired company in the global beer industry.

The group also noted that Manser will defer his previously expected retirement date for about one year to July 2015.

At lunchtime the SABMiller share price was up 4.73 (0.93%) to R511.03.

Finance Minister Pravin Gordhan said Mackay was a phenomenal leader who took a South African giant and turned into a multinational corporation.

"Despite the success of SABMiller’s venture into the global arena, Mackay never forgot his South African roots and remained proudly South African in international fora," he said, according to Sapa.From 

Related News

Regulation of online and mobile gambling in Africa must gather pace
29/10/2019 - 10:20
The gambling industry in Africa has been busy recently following the ICE Africa and Big African Summit events. These explored the current state of legal gambling within the continent and included conferences by established industry professionals.

Pick n Pay unveils its revamped "On Nicol" flagship store
18/10/2019 - 10:59
Pick n Pay’s flagship store On Nicol officially welcomed customers after a comprehensive revamp. The refurbished store has an exciting array of new offerings with the very best in retail concepts developed in South Africa and from around the world. Customers can expect an enhanced fresh food experience, a huge focus on product quality, a much-improved range, innovative third-party services, and refreshed customer service.

AB InBev revives its offering for Apac in Hong Kong
01/10/2019 - 11:39
Anheuser-Busch InBev (AB InBev) has revived its failed initial public offering (IPO) in Hong Kong by offering 1.26 billion shares of a minority stake of its Asia Pacific subsidiary, Budweiser Brewing Company Apac, and the world’s largest brewer is hoping to raise $5 billion (R74.4bn) on listing.

Distell waits for tribunal ruling
16/09/2019 - 10:03
Local alcoholic beverages company, Distell Limited, will have to wait for the Competition Tribunal’s decision whether or not global beer brewer Anheuser-Busch (AB) InBev and SABMiller plc (SAB) have breached their merger conditions by striking exclusive deals with outlets.

Distell and AB Inbev square off in booze showdown
13/09/2019 - 10:28
Exclusive branding arrangements with liquor outlets and agreements with sports stadiums took centre stage at Competition Tribunal hearings on Thursday, into Distell's accusation that Anheuser-Busch InBev (AB InBev) is contravening the conditions of its 2016 merger with SABMiller.