East African Breweries replaces CEO Mahinda

NAIROBI, Monday

Kenya's East African Breweries has appointed Seni Adetu to the position of chief executive, replacing outgoing CEO Gerald Mahinda, the firm said in a note to the Nairobi Stock Exchange.

Mahinda moves to South Africa as head of BrandHouse, a joint venture between Diageo Plc, Heineken and Namibia Breweries Limited.

EABL is majority owned by London-listed Diageo, the world's biggest drinks group.

Adetu was previously managing director of Guinness Ghana Breweries, the statement said.

Mahinda joined the company in 1999 as director of finance and strategy. He presided over growth in key areas at EABL, including more than doubling the firm's market value to 2.5 billion shillings ($32.1 million) in 2008. (Reuters)