HEINEKEN N V S/ADR - HEINY STOCK NEWS

HEINEKEN Mexico plans to invest EUR 430 million in a new brewery in Yucatán, creating over 2,000 job opportunities.

Heineken N.V. announces that Chief Commercial Officer James Thompson will retire on December 31, 2023. Bram Westenbrink will succeed him as the new Chief Commercial Officer from September 1, 2023. Thompson has made significant contributions to Heineken, including launching the consumer demand spaces framework and driving brand building and innovation. Under his leadership, premium beer grew 15% and the global eB2B platform grew from €2 billion to €10 billion gross merchandise value. Westenbrink has been with Heineken since 2003 and has played a key role in the growth of the Heineken and Amstel brands.

Heineken® is celebrating its 150th anniversary by prioritizing good times and connections over perfection. The brand has created the 'Good Times Index' to measure its contribution to creating good times. This new measurement model focuses on open-mindedness, inclusivity, and human connection. Heineken® is the first beer brand to include 'delivering good times' as part of its annual performance metrics. The brand aims to continue creating experiences that promote the feeling of gezelligheid for the next 150 years and beyond.

Heineken's Chief Transformation and Corporate Affairs Officer, Stacey Tank, is leaving the company to rejoin her family in the United States. Tank will be replaced by Joanna Price as Chief Corporate Affairs Officer. Tank played a crucial role in developing Heineken's EverGreen strategy and sustainability agenda. Price has extensive experience in corporate affairs and will be a valuable addition to the company's Executive Team.

HEINEKEN N.V. announced the successful acquisition of Distell Group Holdings and Namibia Breweries Limited, creating a new majority-owned business named HEINEKEN Beverages. This strategic move aims to capture growth opportunities in Southern Africa and is expected to add over €1 billion in net revenue and €150 million in operating profit.

HEINEKEN plans significant investments exceeding €500 million over the next five years, including the construction of a new brewery and support for local enterprises. The acquisition reflects HEINEKEN's commitment to delivering a high-quality beverage portfolio to consumers and contributing to the economic development of the region.

On April 20, 2023, Heineken N.V. held its Annual General Meeting of Shareholders (AGM), where all agenda proposals were adopted. Notably, the AGM approved a total dividend of EUR 1.73 per share for 2022, consisting of a final dividend of EUR 1.23 per share, payable on May 2, 2023. Furthermore, Heineken's governance was strengthened with the re-appointments of Michel de Carvalho and Rosemary Ripley to the Supervisory Board for four-year terms. New board members Beatriz Pardo and Lodewijk Hijmans van den Bergh were also appointed for four years. Additionally, Deloitte Accountants B.V. was re-appointed as the external auditor for the financial year 2024. The voting results can be accessed on Heineken's website.