The managing director of Namibia Breweries has resigned.

Olusegun Adebanji's departure was announced yesterday (4 September) with the move taking place with immediate effect. Adebanji has brought forward his retirement date from January next year, the company said, due to "personal reasons".

Having been appointed to the board in September 2004, Adebanji assumed the MD position in March 2005. He will be replaced on an interim basis by company chairman Sven Thieme.

"Having joined NBL in March 2005 from our strategic partner Heineken International in Amsterdam, Segun has brought NBL closer to becoming a world class company and it was a pleasure to work with him," Thieme said.

The appointment of a successor will be announced in the near future, the company said.

In mid-2003, Heineken and Diageo took an effective 28.9% stake in Namibia Breweries.