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President of Brazil's Kaiser Brewery quits

Published on .

RIO DE JANEIRO--Humberto Pandolpho, president of Kaiser, Brazil's No. 2 brewery after No. 1 AmBev, has quit his post. Mr. Pandolpho, who gave no official explanation for his departure, will remain a board member.

Mr. Pandolpho's departure may be related to plans by Dutch brewer Heineken to raise its 15% share in Kaiser, according to industry analysts. Argentina's Quilmes brewery is also believed to be interested in buying a stake in Kaiser.

Mr. Pandolpho's temporary successor is Miguel Alarcon, a board director at Kaiser and a director at Coffins, one of Coca-Cola Co.'s distributors. Coke has a 10% stake in Kaiser.

Copyright October 2000, Crain Communications Inc.

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