By Maarten van Tartwijk

AMSTERDAM--Heineken NV said Wednesday seeks to appoint Jean-François van Boxmeer as chief executive for another four years, a sign the world's second-largest brewer is seeking continuity at a time of industry consolidation and weakness in some emerging markets.

Mr. van Boxmeer, a company veteran who became CEO in 2005, will be nominated for reappointment at the annual general shareholders' meeting in April, Heineken said in a trading update.

The Belgian national has been credited with expanding Heineken's presence in fast-growing emerging markets in Latin America and Asia in recent years, while further strengthening the brewer's activities in Africa.

His proposed reappointment comes as the global beer industry is undergoing a new wave of consolidation, in part triggered by Anheuser-Busch InBev NV's $100 billion-plus acquisition of SAB Miller PLC, which was completed this month.

Meanwhile, Heineken said consolidated beer volume grew 5.4% to 54 million hectoliters in the third quarter, and by 2% after adjusting for foreign-exchange effects.

The brewer maintained its full-year profit margin guidance but warned of "continued adverse economic conditions" in emerging markets, Africa in particular, as well as "increasing currency headwinds."

Write to Maarten van Tartwijk at Maarten.VanTartwijk@wsj.com

(END) Dow Jones Newswires

October 26, 2016 03:07 ET (07:07 GMT)