"DB has achieved great results, changed direction to accomodate, pre-empt and create market changes all under the leadership of one good CEO."Featured comment
DB Breweries managing director Brian Blake, who is one of the country’s longest standing business leaders, is stepping down but will stay on as chairman.
Mr Blake has been boss at DB for the past 20 years and joined the company in 1983 as finance director to DB’s central region based in Wellington.
DB Breweries is wholly owned by Singapore-based Asia Pacific Breweries, which itself is to become fully owned by global brewer Heineken of the Netherlands.
Mr Blake says despite a declining beer market and tough economic conditions, DB has achieved three consecutive years of double digit profit growth.
“I am extremely pleased with our results over the past three years. Besides the performance of key brands like Heineken, Tui, Monteith’s and Export, DB has achieved success through developing new business opportunities,” he says.
“Our investment in [Monteith's] gastro pubs has been very successful, as has our foray into the competitive Australian market, where our beer and cider sales are growing quickly.”
Mr Blake’s successor will be appointed in the coming months.