E-Malt.com News article: Singapore: Asia Pacific Breweries appoints Simon Israel as Non-Executive Director

Asia Pacific Breweries Limited ("APB") is pleased to announce the appointment of Mr Simon Israel as a non-executive Director, and Chairman-designate of the Company, with immediate effect, according to company’s press release, November 27.

This appointment has the support and agreement of both major shareholders, Fraser and Neave, Limited and Heineken NV.

Dr Michael Fam, who has been Chairman of the Company since February 1990, has intimated that he will not offer himself for re-appointment when he retires at the Company's forthcoming Annual General Meeting ("AGM") on 29 January 2008.

The Board has agreed that upon his re-appointment at the AGM, Mr Israel will be appointed non-Executive Chairman of the Board of the Company.

Commenting, Dr Fam said, "The Board warmly welcomes Mr Israel to the APB Group, and is delighted that he has agreed to take over the Chairmanship of the Board. Mr Israel's wealth of experience in Fast Moving Consumer Goods and Food and Beverage, through his years in Sara Lee Corporation and Danone where he was Chairman of Danone Asia Pacific, makes him the ideal candidate to lead APB's continued growth and expansion."

"APB is a company with a very rich heritage built on the Tiger and Heineken brands and a long standing relationship between F&N and Heineken. I look forward to working with the Board and Management of APB and both of our partners on the next phase of the Company's development", Mr Israel said.

Mr Israel had a 22 year career across the Asia Pacific Region in the Sara Lee Corporation which is a US$ 20 billion MNC, until 1996, progressing from Country Head to Head (Household and Personal Care) of Asia Pacific.

He joined Group Danone, a global Food & Beverage Group, in 1996, and was both a member of the Group Executive Committee and Chairman Asia Pacific until June 2006, reporting to the Chairman. With Danone, he is credited with a number of significant acquisitions by the Danone Group in the Asia Pacific Region.

Mr Israel is an Executive Director of Temasek Holdings (Private) Limited. He is a Director of Fraser and Neave, Limited, Singtel and Neptune Orient Lines Limited, and Chairman of the Singapore Tourism Board.


28 November, 2007