International Breweries is restructuring its management as its managing director, Annabelle Degroot, is leaving Nigeria at the end of this month, BusinessDay gathers.
Sources say she has been redeployed to another assignment within the AB Inbev Group. She will be replaced by another expatriate yet to be made public by the multinational company.
Read also: Low sales, rising competition reduce brewery industry’s profit by N15bn
During her tenure, the competition in the beer market jolted as International Breweries opened its $250 million Sagamu factory and deepened its product market penetration.
International Breweries is part of the world largest brewer, Anheuser Busch InBev. International Breweries was established in 1971 and listed on Nigerian Stock Exchange in 1995.
