EABL, in a statement sent to the Capital Markets Authority (CMA) and the Nairobi Securities Exchange (NSE) on Friday, said that Mr Hainsworth will be replaced by Charles Ireland from April 1st.
The announcement came a week after EABL announced a 14.45 per cent drop in net income to Ksh3.7 billion ($43 million) for the six months to December last year, compared to Sh4.38 billion (50.9 million) during a similar period in the previous year.
Mr Ireland has been the managing director of Guiness Anchor Berhad, a joint venture between Diageo—EABL’s majority owner—and Asia Pacific Breweries, Malaysia’s third largest consumer goods business which is listed on the Malaysian Stock Exchange.
“Mr Devlin Hainsworth will be leaving the position of group managing director of EABL effective March 31 in order to pursue other interests outside EABL and Diageo,” said EABL in the statement.
Mr Hainsworth was appointed managing director in July last year, replacing Seni Adetu who took over as the chief executive officer at Guinness Nigeria plc, which is also majority owned by Diageo. -Daily nation
