SABMiller drafts mergers chief into executive committee

SABMiller drafts mergers chief into executive committee

SABMiller has promoted its head of mergers and acquisitions, Domenic De Lorenzo, to its executive committee.

De Lorenzo, whose official title is director of corporate finance and development, will join SABMiller's executive committee from 1 July. He is a new addition to the committee and will not replace another member, a spokesperson for the Peroni Nastro Azzurro brewer told just-drinks today (29 June).

In his position, De Lorenzo has specific responsibility for mergers and acquisitions. News of his promotion to the executive committee comes amid SABMiller's attempt to acquire Foster's Group.

Since joining the group's corporate finance team in 1996, De Lorenzo has been involved in many of its key transactions, including Pilsner Urquell, Miller Brewing Company, Peroni, Bavaria and Grolsch, and the formation of the MillerCoors joint-venture with Molson Coors.

"Domenic's role is central to the group's corporate strategy and development and he has played a key part in the creation of our balanced and attractive global spread of businesses over the past 15 years," said SABMiller's CEO, Graham Mackay.