Heineken CEO Dolf van den Brink to step down at end of May

Heineken said CEO Dolf van den Brink will leave at the end of May and transition to an eight-month advisory role, while the board has launched a search for a successor.

Heineken announced that Chief Executive Dolf van den Brink will step down at the end of May and move into an eight-month advisory role. The company said the decision was reached in consultation with the board. The supervisory board has begun a formal search for a successor and no replacement has been named. The announcement comes ahead of Heineken's full-year results next month. What we know: - Dolf van den Brink will leave as CEO at the end of May and will serve as an adviser for eight months, the company said. - The supervisory board has started a formal search for a successor and has not named one. - Heineken expects to report a 2% to 3% drop in beer volumes when it issues full-year results next month and previously said profit growth would be at the lower end of its forecast range. Summary: This is a leadership change occurring as Heineken reports softer consumer demand and slower sales. The company has opened a search for a new CEO and will publish full-year earnings next month.