Brussels, 20 December 2002 - The Board of Directors of Interbrew, "The World's Local Brewer©", has appointed John F Brock to become the new Chief Executive Officer with effect from February 1 2003.

John succeeds Hugo Powell who is retiring after 19 years with Interbrew. The Board wishes to express its deep appreciation to Hugo for leading the company so ably during a decisive period in its history. Under Hugo's leadership, Interbrew defined and implemented its vision as "The World's Local Brewer©" by building strong local platforms and presenting compelling brand portfolios in the world's major beer markets.

Interbrew has grown more than tenfold under Hugo's leadership, both organically and externally, posting an impressive track record in the consolidation of the world's brewing industry, outperforming its peers for a decade in both sales and earnings growth.

He contributed to Cadbury Schweppes' high profile acquisitions including Dr Pepper/Seven Up and Snapple in the US and Orangina in France, making the company number one in non-colas across its markets.

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