The boss of one of the world’s largest beer brands, Heineken, is stepping down after six years as the firm battles falling beer sales.
Dolf van den Brink said the Dutch brewer, which also makes pub favourites Birra Moretti and Cruzcampo, had been marked by “significant change” in recent years.
The firm has been contending with drinkers switching to no or low-alcohol choices, as well as rising prices that have increased its costs and squeezed customer budgets.
Heineken issued a profit warning in October, after reporting a 2.3% drop in beer volumes for the year to date, with particularly weak performances in key markets such as Europe and the US.
It said it expected 2026 sales to be even lower.
And, despite the growth in popularity of the low and no-alcohol market, Heineken’s own version, Heineken 0.0, saw a decline in sales.
Particularly weak sales in Europe could not offset growth the firm saw in places like Mexico and China.
Even Germany, with a strong heritage of breweries and drinking culture, has seen a move away from alcoholic beers.
As such, the departure of Heineken’s boss “is not a surprise”, said consumer analyst James Edwardes Jones from RBC Capital Markets.
The firm’s share price fell about 3% after the announcement that van den Brink would be stepping down in May.
“Perhaps this change at the top is what Heineken needs,” Jones said, saying that despite arriving with high expectations, van den Brink had “not delivered on them”.
Jones added that lower alcohol consumption, particularly by Gen Z, was “a risk to Heineken’s long-term growth”.
Jonny Forsyth, principal strategist at Mintel Food & Drink, agreed, saying while non-alcoholic beer is growing in popularity, Heineken would “continue to struggle unless it can revive the fortunes of its flagship alcoholic beer brand”.
Credit: bbc.com
