Heineken falls as CEO plans to step down

Heineken NV

12/01/2026 08:37

Jan 12 (Reuters) - ** Shares in Heineken HEIN.AS slip around 2% following an announcement that its CEO Dolf van den Brink will step down on May 31

** J.P.Morgan deems the timing as surprising considering recent commitment to financial targets, new investment and savings plans

** The broker expects a weak end to the year for Heineken; the global beer market remained weak though not deteriorating in Q4

** Separately, Exane BNP Paribas cuts the stock to "neutral" from "outperform", citing overly optimistic consensus estimates for LFL sales in 2026

** Shares on track for their biggest single-day slump since end of July

(Reporting by Mateusz Rabiega)

((Mateusz.rabiega@thomsonreuters.com))