Heineken looks to add family member to holding company's board
The holding company of Heineken has proposed the addition of the husband of its controlling shareholder to the board of directors.
Michel de Carvalho, who has been on the supervisory board of Heineken for almost 20 years, will be put forward as an executive board member for Heineken Holding from April. De Carvalho is married to Charlene de Carvalho-Heineken, who owns 25% of the brewer.
De Carvalho is vice-chairman of Investment Banking at Citi UK, and chairman of Citi Private Bank Europe, Middle East & Africa.
“The proposed appointment of Mr de Carvalho … as an executive member of the board of directors, is in line with the tradition of personal involvement of the family in the Heineken group,” the brewer's statement this week read.
Should the proposal be approved by Heineken Holding's AGM on 23 April, de Carvalho will sit on the board for four years.
Yesterday, Molson Coors reported a marked fall in full-year net profits on a 14% drop in sales. Here, just-drinks takes a closer look at the brewer's Q4 performance by region:...
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