Home More Masters of Industries Jordi Borrut Bel Resigns as CEO of Nigerian Breweries; but it’s all good…
Masters of Industries - May 14, 2021

Jordi Borrut Bel Resigns as CEO of Nigerian Breweries; but it’s all good…

After more than three years on the job, Jordi Borrut Bel is finally stepping away as the Chief Executive Officer of Nigerian Breweries Plc, the leading brewer in Africa’s most populous country. His resignation, which will take effect on the 30th of July this year, is all for good reasons.

According to a statement by the NSE-listed company which was seen by Business Elites Africa, Mr Bel was recently appointed into a bigger role within Heineken Group, hence the resignation. As you may well know, Amsterdam-based Heineken is the parent company of Nigerian Breweries Plc. Therefore, it can be said that Bel is basically still within the group, but just working on a different assignment.

Note that Nigerian Breweries said it was pleased to accept Bel’s resignation, even as he was praised for his leadership acumen which helped to position the brewer on the path to growth/profitability.

“Mr. Borrut Bel joined the Company and the Board as the Managing Director/CEO on the 22nd of January, 2018 and has been able to successfully lead the Company through a turbulent period and a challenging operating environment. With a keen focus on people development, product innovation, expansion of the Route-to-Market, cost leadership, customer and consumer focus, stakeholder engagement and ensuring return on investment for investors, Mr Borrut Bel has firmly repositioned the Company on the recovery path for a sustainable growth,” said part of the statement by the company.

Meanwhile, to continue from where Jordi Borrut Bel stopped, the Board of Nigerian Breweries announced the appointment of Hans Essadi as its new acting Chief Executive Officer. His appointment will take effect on the 31st of July, 2021.

Mr Essadi has been working with the Heineken Group since 1991. He has held different senior management positions within Heineken’s operations across the world, with the latest being his appointment as the Managing Director of Al Haram Beverages, a Heineken operating company in Egypt.


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