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BRAZIL: AmBev shakes up management structure

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Companhia de Bebidas das Americas (AmBev), the world's fifth-largest brewer and Brazil's leading beverage company, said yesterday that its chief executive officer Magim Rodriguez would be joining the board of directors next year as vice chairman.

In his new position, Rodriguez will remain actively involved in key strategic and operational decisions, joining Victorio De Marchi and Marcel Telles on the executive committee, the company said.

Rodriguez has been AmBev's CEO since the creation of the Company in 2000. Before that, and since 1998, Rodriguez had been chief operating officer of Brahma Company, which he had been associated since 1989, serving first as marketing executive officer.

AmBev said that from 2004 onwards, Carlos Alves de Brito, currently director of operations, and Juan Manuel Vergara Galvis, currently soft drinks and non-alcoholic non-carbonated beverages director, will be in charge of Rodriguez's day-to-day management activities, as the new chief operating officer for Brazilian operations and chief operating officer for international operations, respectively.


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