Mr Ruys to succeed Mr Vuursteen next year
Net profit from ordinary activities of Heineken N.V. for the first
half of 2001 rose 20% to EUR 298 million. Improved sales mix and
higher selling prices, and the positive results of companies
consolidated for the first time, were the main contributors to
this excellent growth in net profit. "With these first half year
results Heineken again continues its solid growth," says Karel
Vuursteen, Chairman of the Executive Board.
Net turnover increased in the first half of 2001 by EUR 556 million
(14%) to EUR 4,449 million. Operating profit was 25% higher, rising
from EUR 411 million to EUR 513 million. Net profit on ordinary
activities for the first half of 2001 was up 20% compared with the
corresponding period of last year, rising by EUR 49 million from
EUR 249 million to EUR 298 million. Net profit on ordinary
activities per share amounted to EUR 0.76, as against EUR 0.64 in
2000 (adjusted for the recent share split).
Karei Vuursteen will retire as Chairman Executive Board of
Heineken N.V. on April 25, 2002, at the General Meeting
of Shareholders. The Supervisory Board has appointed Anthony
Ruys as his successor. Karel Vuursteen has been member of the
Executive Board since 1991 and was appointed Chairman in 1993.
Under his supervision Heineken has further developed into a truly
global brewery group. In this period of time, net profit nearly
tripled and market capitalisation increased approximately six
times. Anthony Ruys joined Heineken a member of the Executive
Board in September 1993. In this position he became responsible
for the marketing portfolio of Heineken. In September 1996,
Mr Ruys was appointed to his current position of Vice Chairman of
the Executive Board.
MR VUURSTEEN (right) AND MR RUYS (left)
