InBev Adds New Zone to Business
InBev's existing Zones are Latin America (to be renamed Latin America North), North America, Western Europe, Central and Eastern Europe, and Asia Pacific.
13/10/06 Following the recent increase of AmBev's equity interest in Quilmes Industrial S.A. ("Quinsa") to 91.18%, InBev has created a sixth Zone that will be known as Latin America South. InBev's existing Zones are Latin America (to be renamed Latin America North), North America, Western Europe, Central and Eastern Europe, and Asia Pacific.
João Castro Neves is appointed as the Latin America South Zone President, effective January 1, 2007, and will become a member of the InBev Executive Board of Management (EBM). He will succeed Agustin García Mansilla, current Quinsa CEO, who has decided to step down from his position. João and Agustin will immediately start working together to ensure a smooth transition.
João is currently the Chief Financial and Investor Relations Officer of AmBev, and will continue to hold this position until December 31, 2006. He has been with AmBev for more than a decade, serving in various departments, including Mergers and Acquisitions, Treasury, Investor Relations, Technology and Shared Services, and Soft Drinks. His replacement will be announced in the near future.
"With this change we enhance our senior management level focus to ensure we make the most of the significant opportunity we have to grow our business in Latin America" said Carlos Brito, CEO of InBev. "We welcome João to the EBM and look forward to his contribution."
