Heineken CEO steps down amid slowing sales and tighter margins

Heineken said CEO Dolf van den Brink will resign and leave on May 31, and the board has begun a search for his successor; he will be available as an adviser for eight months from June.

Heineken's chief executive, Dolf van den Brink, resigned unexpectedly after six years leading the Dutch brewer. The board said the timing is right to transition leadership as the company works to execute its strategy through 2030. The brewer has faced slowing sales, rising costs and market disruptions in recent years. Key details: - The resignation was announced by the board and van den Brink will remain in post until May 31. - He has agreed to be available as an adviser for eight months starting in June. - The board will launch a search for a successor to lead Heineken and its brands, including Tiger and Amstel. - Shares were reported about 2% lower after the announcement, and the company has cited cost inflation, falling sales and other market challenges in recent periods. Summary: Heineken's leadership change follows a period of margin pressure and weaker sales that the company says has complicated delivery of its long-term goals. The board is seeking a new CEO while van den Brink will stay until May 31 and then serve as an adviser for a defined period, and further steps will follow the board's succession process.