Beam announces retirement of following executives, all effective May 31: Robert F. Probst, CFO; Leo A. Mierzwicki, VP, corporate controller, principal accounting officer; and William A. Newlands, senior VP, president of North America operations
April 19, 2014
– Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 14, 2014, Beam Inc., a Delaware corporation (the "Company"), received notice from each of Robert F. Probst, the Company's Senior Vice President and Chief Financial Officer; and Leo A. Mierzwicki, the Company's Vice President and Corporate Controller and principal accounting officer, that, in view of the impact on their roles due to the impending acquisition of the Company by Suntory Holdings Limited, each has made a personal decision to resign from the Company to consider other professional opportunities, effective as of May 31, 2014, in the case of Mr. Probst, and effective as of July 10, 2014, in the case of Mr. Mierzwicki.
The company also received notice on April 14, 2014 from William A. Newlands, the Company's Senior Vice President and President, North America that he has made a decision to resign from the Company, effective as of May 31, 2014, and enter into a consulting arrangement with the Company. The Company currently expects to engage Mr. Newlands as a consultant to the Company following May 31, 2014 to provide strategic support and guidance for the Company's North American business approximately three days a week, for a timeframe and on terms to be discussed and agreed between Mr. Newlands and the Company.