Asahi Beverages has announced the resignation of Asahi Holdings Australia (AHA) chair Peter Margin. He held the role for five years and oversaw the acquisition and integration of Carlton & United Breweries into the business.
Margin said: “It has been an immense privilege and an incredibly professionally rewarding experience to see Asahi Beverages’ unparalleled growth and success over the past five years, as well as complete Asahi Beverages’ succession planning.
“The company is exceptionally well positioned to continue on its ambitious plans for growth. The company’s customers, partners and employees are in great hands.”
Acting chair of AHA Roland van Bommel said: “Peter has been an exceptional leader of AHA. He can be very proud of the company’s strong growth over the past five years. I wish Peter all the best for the future. He leaves the Asahi Beverages business in great shape.”
Margin said he will be concentrating on his other Board directorships.
In September Margin re-joined the board at Bega Cheese Limited as deputy chair, where his insights and experience from the Asahi/CUB deal will no doubt come in handy as Bega absorbs Lion Dairy & Drinks. He had previously been with the company from June 2011 to January 2019, when he retired due to the demands of Asahi’s CUB acquisition.
Margin is a non-executive director for ASX-listed companies NuFarm and Costa Group.
His board experience is extensive, with previous directorships at PMP, Pact Group Holdings and Ricegrowers. He was chair and non-executive director of Huon Aquaculture Ltd, CEO of Goodman Fielder and the CEO of National Foods and GM of Birds Eye Foods at Simplot Australia.
Van Bommel said: “It’s business as usual for Asahi Beverages. The business and its executive team, under the leadership of Group CEO Robert Iervasi, continues to deliver as we have seen with the seamless integration of CUB into the Asahi Beverages family. Asahi Beverages is proud to now have the leading drinks portfolio in Australia.”
