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The four new directors will form part of the 12-member EABL board/FILE

Kenya

EABL names three new directors

The four new directors will form part of the 12-member EABL board/FILE

NAIROBI, Kenya, Feb 20 – East African Breweries Limited (EABL) has announced the appointment of three new members to the Board of Directors.

In a letter to the Nairobi Securities Exchange (NSE), Group Company Secretary Agnes Murgor reported that Tracey Barnes, Susan Githuku and Siobhan Moriarty have joined the board as non-executive directors.

“In addition, the board would also wish to notify you of the resignation of Peter Ndegwa and Cristina Diezhandino as non-executive directors,” the letter to the NSE says.

Ndegwa, the immediate former Group Finance Director, is now the Managing Director of Ghana Breweries Limited.

The appointments come three days after the board announced the retirement of long serving chairman Jeremiah Kiereini, in what the firm said was in line with its ‘succession planning’.

Kiereini was subsequently replaced by former PricewaterhouseCoopers (PwC) country leader Charles Muchene who prior to his election was also a director of the board for one year.

The four new directors will form part of the 12-member board that is charged with the responsibility of overseeing the group’s strategic objectives, business performance and supervision of the management of business.

The chairman and eight other directors have non-executive responsibilities while two directors including the Group Managing Director/Chief Executive Officer – a position currently held by Seni Adetu – have executive powers. The other is the Group Finance Director.

In keeping with the brewer’s requirement that the directors must be professionals with adequate skills, independence and knowledge, Murgor stated that the three appointees have extensive skills necessary to carry out their responsibilities. (Read the full report here).

“Barnes has an extensive career in Diageo (EABL’s largest shareholder) having joined as the Global Business Support Director (of) Global Supply Chain in 1998 from Eastman Kodak,” the statement said.

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She is set to join the beer giant as the new Finance Director in an appointment that takes effect from March 1.

She is a chartered accountant and a graduate of Oxford University with a degree in Biochemistry.

Githuku on the other hand is currently the Publisher of Footprints Press and founder and CEO of Human Performance Dynamic Africa. She has served as HR director, Coca Cola Southern and Eastern Africa at the Coca Cola Company Limited.

“Moriarty is a lawyer and currently holds the position of Associate General Counsel of Diageo Plc and General Counsel for Diageo European Region,” EABL further said.

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