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FGL Frugl Group Limited

0.081
0.00 (0.00%)
07 Jun 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Frugl Group Limited ASX:FGL Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.081 0.075 0.085 0.081 0.081 0.081 1,127 08:33:41

SABMiller To Appoint Ari Mervis Foster's CEO, Asia Pacific Managing Director

07/12/2011 4:59am

Dow Jones News


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SABMiller PLC (SAB.JO) said Wednesday it intends to appoint Ari Mervis as chief executive of Foster's Group Ltd. following its 9.9 billion Australian dollar (US$10.2 billion) takeover of the Australian brewer.

SABMiller said in a statement that Mervis, who is currently the company's managing director in Asia, will also become managing director of Asia Pacific operations.

"He is ideally qualified to lead the integration of Foster's into the SABMiller group and to deliver value from the acquisition for all stakeholders," SABMiller Chief Executive Graham Mackay said in a statement.

Outgoing Foster's Chief Executive John Pollaers will step down from the position on Dec. 16, SABMiller said, but would be available to "provide advice" to SABMiller to ensure a smooth transition.

-By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095; gavin.lower@dowjones.com

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