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SABMiller's Graham Mackay Dies Age 64

Chairman and former CEO of SABMiller, Graham Mackay, who was responsible for transforming the local South African business group  into a £50 billion brewing giant, has died at the age of 64 after a long term illness.

Mackay was originally an engineer at SAB in 1978 then went on to become CEO in 1999 when it listed on JSE. He worked in SAB when the apartheid era sanctions were in place and foreign-exchange regulations prevented international expansion. 

However when Nelson Mandela was released in 1990, the sanctions were lifted and South Africa could trade on the global market. He targeted Africa and took advantage of the fall of the Berlin Wall to but comparatively chapter assists in the former Soviet bloc.

In May 2002, SAB acquired Miller Brewing, forming SABMiller.

Between his appointment as CEO in 1999 and April this year, SAB stock returned roughly 1,000% in share price growth and dividends.

He passed away on Wednesday in Hampshire, England as a result of a brain tumour, and is survived by wife wife and six children.

© 2013 - European Supermarket Magazine by Alyson Kerr

 

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