SABMiller appoints Alan Clark CEO as of July 2013

LONDON (Reuters) - Global brewer SABMiller said its European chief Alan Clark will succeed long-standing Chief Executive Graham Mackay in July 2013 in series of top management changes that will see the 62-year old Mackay take over as chairman. The move appears to fly in the face of the UK corporate governance code which suggests that chief executives should not go on to become chairman of the same group, although the code does say this can be allowed if the company consults its shareholders and sets out clearly the reasons for its decision. ...