SABMiller has promoted current director of group strategy Domenic De Lorenzo to chief financial officer.

De Lorenzo, who will be formally appointed after the company’s annual general meeting on 23 July, has been acting CFO since February.

He replaced Jamie Wilson, who stepped down in February for personal reasons.

Chairman John Manser said: “The board considered a number of high quality internal and external candidates, and concluded that Domenic was the best-qualified for the role. He has a strong track record in his previous positions within the group, which has given him deep experience of developing our business and our people, and shaping our strategy. He is a highly capable executive and will be a valuable addition to the board.”

Alan Clark, chief executive, said: “Dom proved an outstanding candidate for appointment as chief financial officer and will hit the ground running after a strong five months acting in the role. He has quickly made a positive impact and built a high level of credibility and community in our finance team, and with our senior business leaders, our executive committee, and our board. I look forward to continuing to work with Dom as we pursue our vision to make SABMiller the most admired beverage company in the world.”

De Lorenzo assumed responsibility for group strategy in August 2014 alongside his previous responsibilities as director of corporate finance and development. He is a 19-year veteran of the group, having originally joined SABMiller’s corporate finance team in 1996 from UAL Investment Bank in South Africa.

During his career with SABMiller, he has been involved in many of its key transactions, including Pilsner Urquell, Miller Brewing Company, Peroni, Bavaria, Grolsch, the formation of the MillerCoors joint venture and the Foster’s acquisition.

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