Heineken Takes Over, Makes Board Changes At Desnoes & Geddes Ltd. CEO, CFO Not On New Board

October 14, 2015

Desnoes & Geddes Limited (DG) has advised that at a meeting of the Board of Directors of DG held on October 12, 2015 the following directors were unanimously appointed to the board with effect from October 12, 2015

  • Messrs. Eugene Ubalijoro, Radovan Sikorsky, Andrea Vogliazzo, Stefano Cavenati, Juan Luis Barrios, Wilbert Raaijmakers and Hemmo Parson.

Immediately after the appointment of the Heineken nominated directors the following directors tendered their resignation with immediate effect

  • Messrs. Jed Dryer, Renato Gonzales, Noel daCosta, Cedric Blair, Jaime Grana, Bruce Kidner and Ms. Cristina Diezhandino.

Cedric Blair who is also the CEO will remain in that capacity until further advised. Mr. Bruce Kidner is the Chief Financial Officer, and he will remain in that capacity until further advised.

Based on this JSE release it is obvious that the CEO and CFO have now been removed from the board.

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