LONDON -- SABMiller plc said that Norman Adami, President and CEO SABMiller Americas, Milwaukee, will be retiring from the company.
For some time, the company said, Adami has expressed a desire to retire and return to South Africa, at an appropriate juncture, due to compelling family circumstances. With the transition of the Miller management team already fully completed and the integration of the Group's Latin American businesses also well advanced, Adami will retire from full service on Nov. 30, 2007.
Adami has served the business [image-nocss] for 25 years and has been a member of the SABMiller Executive Committee for 13 years. He successfully managed SAB Ltd. as managing director for 9 years and more recently led the Miller Brewing Co. as president and CEO from 2003 to 2006, completing the business turnaround and building a sustainable platform for it to compete in the U.S. marketplace. In addition, over the last 12 months, Adami has overseen the successful integration of Grupo Empresarial Bavaria into the SABMiller group.
He was able to make a contribution to SABMiller as president and CEO SABMiller Americas due to his experience and knowledge of the U.S. and global beer markets. Adami will not be replaced in this position.
Tom Long, president and CEO of Miller Brewing and Barry Smith, president of SABMiller Latin America, upon Adami's retirement, will report directly to Graham Mackay, SABMiller CEO, and will continue to serve as members of the SABMiller plc Excom (executive committee).
Norman has made an enduring contribution to the SABMiller Group and we will greatly miss his wisdom, passion and commitment. One of Norman's legacies is the strong management team that he has built up in the Americas, said Mackay. I respect Norman's decision to move back to South Africa to support his family and we wish them all success and happiness in this new phase of their lives.
London-based SABMiller is one of the world's largest brewers with brewing interests or distribution agreements in more than 60 countries. The group's brands include premium international beers such as Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as local brands. Outside the United States, SABMiller is also one of the largest bottlers of Coca-Cola products in the world.
In the year ended March 31, 2007, the group reported $3.154 billion in adjusted pretax profit and revenue of $18.620 billion.
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