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Diving overview:
- Heineken CEO and Chairman Dolf van den Brink will leave the company at the end of May after serving as CEO for approximately six years. His resignation comes three months after the beer giant announced plans for a wide-ranging reorganization.
- Heineken’s board of directors is beginning a search for a successor. According to a press release:. Van den Brink will take on an advisory role with the company for eight months from June 1.
- The company credited Van den Brink with leading the company through “turbulent economic and political times” as well as for developing Heineken’s five-year corporate restructuring plan to combat declining beer sales.
Dive Insights:
Van den Brink’s departure as CEO comes as Heineken works to reposition itself amid a prolonged downturn in the beer market. The plan was announced in October. to Reduction of 400 employees due to restructuring Its global headquarters in Amsterdam said the move was necessary to keep up with the “dynamic beer market.”
As plans progress, Van den Brink said the company’s transformation “has now reached a stage where a leadership transition best aligns with Heineken’s future ambitions.”
“Over the coming months, we will be fully focused on systematically executing our strategy and ensuring a smooth transition,” Van den Brink said in the release.
Prior to serving as CEO, Van den Brink spent more than 28 years at Heineken, including as President and CEO of the United States and Mexico. He was also Chairman of the Asia Pacific region. linkedin.
Heineken shares fall after Van den Brink announces departure down 4%.
Heineken’s corporate restructuring includes expansion of its size. Heineken Business Services Unit, This is a company that provides services to the operating company. We’re also creating a multi-year digital backbone program to transform the way brewers operate in 70 markets.
Heineken, which also owns Tecate and Dos Equis, fixed income The third quarter was reported in October. Beer production fell by more than 4%.
