Ukraine: BBH proceeds to restructuring its Ukrainian business

Details concerning BBH Ukrainian companies� structural reorganisation have been released June 07. Shareholders of �Slavutich� and �Lvov Brewery� have agreed on the legal liquidation of these companies� boards. �BBH Ukraine� Chairman of board Petr Chernishov is to be the general director of both companies.

The company explains these changes by the willingness to reorganize Ukrainian breweries� boards according to standards implemented by the rest of the holding�s subsidiaries. Experts believe the new structure will prove itself more effective.

According to Petr Chernishov statement, the �Lvov Brewery� shareholders meeting decided to replicate these changes to the company�s charter, according to which the company�s board has lost its executive prerogatives. In addition, the position of chairman of board has been also excluded from the company�s charter. Anyway, Chernishov specified that �Lvov Brewery� ex-chairman Vladimir Pecher has been appointed president of the brewery. �From now on, Mr. Pecher will be generally assigned to representative functions,� Chernishov added. Sources provide that as for shareholders of �Slavutichi�, they agreed on similar decisions. Thus, Chernishov became simultaneously chairman of both companies.

�These structural updates were motivated by similar initiatives which were undertaken by other BBH subsidiaries,� Chernishov explained. According to some experts� opinion, the meaning of these mutations is to integrate the company�s row material purchase processes, its brands release and distribution politics.