SABMiller Plc, the world’s second-largest brewer that’s reorganized management at its South African unit, said its South Africa strategy chief has resigned from the company.
Yolanda Cuba joins Vodacom Group Ltd. as chief officer for strategy and business development, the phone company said in a statement today. Cuba will leave SABMiller’s local unit at the end of October and become a non-executive director of the division, Johannesburg-based South African Breweries said in an e-mailed response to questions.
Andrea Quaye has been named marketing director of South African Breweries, while former human resources director Yokesh Maharaj will become director of sales and distribution, according to the brewer. Khaya Ngcwembe will become the company’s human resources director and Monwabisi Fandeso, previously chairman of SAB’s Appletiser soft-drink brand, will be corporate affairs director.
SABMiller, founded more than a century ago in South Africa, has the largest exposure to emerging markets of the major beermakers. That has helped the London-based company offset tough conditions in the US, where its MillerCoors LLC joint venture operates, and Europe over the last few years.
Vodacom fel 0.2 per cent to 128.15 rand as of 2:05 p.m. in Johannesburg, while SABMiller declined 0.3 per cent to 3,313 pence in London.
Cuba will work with Neil Gough, a member of Vodacom’s executive committee, during a transition period, according to spokesman Richard Boorman.
Bloomberg News edited by ESM
