Carlsberg Asia, the 50/50 joint venture between Carlsberg Breweries A/S and the Chang Beverages Limited, is to change its top management team when the present CEO Michael C. Iuul reaches retirement age in January 2003. The new management, which will be responsible for the day-to-day operations of the company, will include a chief investment officer, two chief operations officers (COO), and a chief administrative officer.

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