Business

East Africa Breweries Names Richard Wells the New Managing Director

Diageo Plc’s Kenyan unit, East African Breweries Ltd., appointed Richard Wells, formerly commercial director of Brandhouse, as Managing Director, Business Daily reported, citing an official from the company.

Wells will replace Ajay Mehta, who will remain an executive director for special projects, the Nairobi-based newspaper today cited Brenda Mbathi, EABL’s group corporate relations director, as saying. Allan Hood, who was Diageo’s finance director for Jamaica, becomes East African Breweries’ finance director, Business Daily said.

East African Breweries Ltd. said on Oct. 26 it had completed the acquisition of 51 percent of Serengeti Breweries Ltd. of Tanzania at a cost $60.4 million.

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