Last orders for SABMiller Chairman

Drinks giant SABMiller became the second blue-chip company this month to go against the City code on management succession, as it announced Chief Executive Graham Mackay will move up to become Chairman.

Drinks giant SABMiller became the second blue-chip company this month to go against the City code on management succession, as it announced Chief Executive Graham Mackay will move up to become Chairman.

Meyer Kahn will retire as Chairman after 46 years of service with the group. Graham Mackay will become Executive Chairman, before becoming Non-Executive Chairman at the annual general meeting in 2013. Alan Clark will be appointed as Chief Operating Officer with the intention that he will succeed Graham Mackay as Chief Executive at the annual general meeting in 2013.

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