The Non-Executive Director of Nigeria Breweries Plc, Mrs. Yeliz Yedikardesler, has resigned from the company.
The Times reported that this information was obtained from a formal declaration that was sent to Nigerian Exchange Limited.
The statement goes as follows, Nigerian Breweries Plc (“The Company”) thus notifies the Nigerian Exchange Limited and the investing public that Mrs. Yeliz Yedikardesler has left her position as a Non-Executive Director on the Board of Directors (“the Board”) as of October 6, 2023.
Mrs. Yedikardesler joined the Board in April 2022 after joining the Heineken Group as Regional Finance Director for Africa, the Middle East, and Eastern Europe. She was a member of the Company’s Statutory Audit Committee.
Less than two years have passed since Mrs. Yeliz Yedikardesler was first hired as Director.
Due to her position as Senior Director of Finance, Africa, Middle East, and Eastern Europe of Heineken Group, Mrs. Yeliz Yedikardesler joined the Board of Nigeria Breweries Plc as a Non-Executive Director on April 1, 2022.
She held several positions of increasing responsibility for seventeen years at Mars Wrigley Middle East Africa, a division of Mars Incorporated, in Dubai, UAE, until joining the Heineken Group in March 2022.
With over 23 years of experience in the FMCG sector and a focus on finance and strategy, Mrs. Yedikardesler has a wealth of knowledge.
She has a wealth of expertise in business integration, transformational projects, financial operations, strategy development, risk management, corporate finance, environment, sustainability, and governance. She also has leadership experience in people management across a variety of geographies.
For the second quarter of the year ending June 30th, 2023, Nigeria Breweries Plc recorded an exchange rate loss of N70.6 billion which is in accordance with the data in its interim report for the first half of the year, which was just published.
According to analysis, the losses were brought on by the unification of currency rates, which resulted in FX losses when its dollar-denominated loans were revalued.
