NETHERLANDS: Heineken Announces New Chief Executive Officer for USA Unit

By | 18 July 2000

Heineken N.V., the leading international brewer, today announced that it has named Frank Van der Minne as President and Chief Executive Officer of its Heineken USA unit.

Van der Minne is a 25-year veteran of the Heineken Group, serving most recently as Director in Central and Eastern Europe, based in Amsterdam. Before that, he held various international positions in the Asia Pacific region, was General Manager of Murphy Brewery in Ireland and Export Director in Amsterdam. Van der Minne replaces Michael Foley, who will become the new Group Chief Executive of Aer Lingus, Ireland's national airline. Van der Minne will assume the new position on September 1.

The appointment was announced by Heineken's Executive Board Chairman Karel Vuursteen, who praised Van der Minne as "an excellent beer executive with extensive international experience. With his track record in marketing, sales and distribution, he is well-equipped to lead the continuation of the strong performance of Heineken in the North American beer market."

Heineken USA Inc. is a wholly owned subsidiary of Heineken N.V. and is benefiting from a strong growth trend among imported beers in America. The imported segment is the fastest-growing part of the American beer market. The company, headquartered in White Plains, N.Y., recently reported that its Heineken brand grew 11 percent in the U.S. in 1999, outperforming the import segment. The U.S. beer market overall grew 1.6 percent in volume.

Heineken is the world's leading international brewer, with operations in over 100 countries. The Heineken brand is sold in over 170 countries, more than any other beer brand.

Heineken N.V. and Heineken Holding N.V. shares are listed on the Amsterdam stock exchange. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIN NA and HEHN NA, on the Reuter Equities 2000 Service under HEIN.AS and HEHN.AS and on Quotron under HEINN.EU and HKAN.EU. Additional information is available on Heineken's home page:

Companies: Heineken

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