SABMiller chairman Graham Mackay dies

Brewer SABMiller has announced that its chairman, 64 year-old Graham Mackay (pictured), died this morning following a long illness. He passed away peacefully this morning, with his family at his side, said the group.

The board has appointed acting chairman John Manser as chairman, with immediate effect. It's also appointed Guy Elliot as senior independent director in succession to Manser.

A further announcement will be made in due course over the appointment of a chairman to take over from Manser in the longer term.

The company also said that Manser will delay his previously expected retirement date for approximately one year to July 2015.

Manser said of Mackay and chief executive Alan Clark:

Graham was one of the most inspirational and successful leaders in international business by any measure.

The board has every confidence that under Alan's leadership, we will continue to build on Graham's legacy, and fulfil his vision to make SABMiller the most admired company in the global beer industry.