In the announcement, the board expressed confidence in Mollel’s ability to guide the company’s financial strategy and strengthen its operations across the region.
The statement explained that he will first join the leadership team as Group Chief Financial Officer designate from May 1, allowing him time to work closely with the current finance leadership before assuming the full role on July 1.
“The Board of Directors of East African Breweries PLC is pleased to announce the appointment of Mr Justin Mollel as the Group Chief Financial Officer Designate, with effect from 1 May 2026, to succeed the incumbent Chief Financial Officer with effect from 1 July 2026,” part of the company’s announcement stated.
The move is part of EABL’s efforts to ensure a smooth transition within its senior leadership team.
By first serving as CFO designate, Mollel will have the opportunity to familiarise himself with the company’s financial operations, strategy, and ongoing projects before officially taking over the position.
EABL is one of the largest beverage companies in East Africa and plays a significant role in the region’s manufacturing sector.
The company produces and distributes a wide range of beverages, including beer, spirits, and other alcoholic drinks, serving markets across Kenya, Uganda, Tanzania, and beyond.
The position of Group Chief Financial Officer is considered one of the most important leadership roles in the company.
The CFO is responsible for overseeing financial planning, managing investments, monitoring financial risks, and ensuring the company maintains strong financial performance.
With the appointment of Mollel, EABL aims to strengthen its financial leadership as the company continues to expand its business operations and respond to changing market conditions.
The board noted that strong financial management remains essential as the company seeks to maintain growth and remain competitive in the regional market.
Although the company did not share detailed information about Mollel’s background in the brief announcement, the board indicated that he brings valuable experience and expertise that will help guide the company’s financial direction in the coming years.
Industry observers say leadership changes at large corporations like EABL often reflect long-term strategies aimed at strengthening management and preparing companies for future growth.