The brewing group, Quilmes Industrial SA, has announced that it is to restructure its Argentine operations. The company also announced that it has appointed Gustavo Castelli as its new chief financial officer, replacing Carlos Olivieri who has resigned.

The reorganisation in Argentina will see further integration of its beer and soft drinks operations. Both divisions will now be managed by Nestor Del Campo who formerly headed up the beer division.

The integration will extend to production, logistics, purchasing, warehousing, budgeting and planning, as well as the human resources functions. However, Quinsa will maintain separate sales and marketing structures for the two businesses. The prime catalyst for the reorganisation has been the deep and prolonged recession in Argentina. Quinsa said it formed part of its efforts to defend its financial margins.