Carlsberg Managing Director Resigns

Carlsberg Brewery Malaysia Berhad’s Managing Director Theodoros (Ted) Akiskalos, has tendered his resignation to relocate to Europe for family reasons.

Ted will step down from his role as Managing Director of the Company on 25th October
2019 and will support the transition. He will pursue a career opportunity outside the
Carlsberg Group and will join a private equity investment firm based in London, UK.

Chairman of the Company Datuk William Toh said: “On behalf of the Board, I would like
to convey my sincere thanks to Ted for his contributions here in Malaysia and Singapore.
We wish Ted and his family all the very best of luck and success in their future
endeavours.”

Prior to his current role, Ted was the Managing Director of Carlsberg Sweden for 3 years
since June 2016, Managing Director of Carlsberg Hong Kong for 2 years since January
2014 and Vice President, Group Strategy of the Carlsberg Group for 4 years since March
2010. Prior to joining the Carlsberg Group in Copenhagen, he was an Associate Principal
of McKinsey & Company based in Boston, USA.

Carlsberg Brewery is in the process of finalising Ted’s successor and this will be announced in due course. During the transition period, Ted will continue to manage the business affairs of the Company to ensure our SAIL’22 strategic initiatives are executed effectively.

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