Prior to A-B, Nick was with McKinsey and with Skadden Arps LLP. The world's biggest brewer is considering external candidates to replace Brito, who has been its CEO for 16 years and has overseen a string of mergers that transformed two Brazilian and Belgium drink makers into a global giant, the FT reported, citing people with knowledge of the matter. All Rights Reserved. A daily collection of all things fintech, interesting developments and market updates. AB InBev declined to comment on the FT report, which also said that the company is currently considering only one internal candidate, Michel Doukeris, who heads its North America-based Anheuser-Busch business, citing the same sources. It is also possible that Brito remains in charge for longer if a replacement is not found, it said, added that Brito was expected to join AB InBev's board after stepping down. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Bernstein Research said in a note that the timing of the leadership change made sense, with the COVID-19 crisis potentially abating and the company needing to shift focus to more internal growth after years of acquisition-led expansion. He has also completed post-graduate programs in Marketing and Marketing Strategy from the Kellogg School of Management. Brito is involved with the board in the process and plans to step down at some point next year, the FT said, citing one person. Carlos Brito, Chief Executive of Anheuser-Busch InBev, presents the company's results during a news conference in Leuven, Belgium, on Feb 28, 2019.

Shares of AB InBev are down more than 60% from their 2015 highs, and the company slashed its dividend in half in April. AB InBev, which makes Stella Artois and Corona, is working with recruitment firm Spencer Stuart on the search, the FT said. Nelson holds a bachelor’s and master’s degree in industrial engineering from the Universidade Federal do Rio de Janeiro. Reporting by Maria Ponnezhath in Bengaluru, Martinne Geller in London and Philip Blenkinsop in Brussels; Editing by Susan Fenton and Alexander Smith. During his time at the company, Nick has held roles in finance, technology and sales in North America, Asia-Pacific and in our Global Headquarters. Market data provided by Interactive Data. Brendan brings a strong sense of dedication and drive to the role after serving our country in the US Marine Corps and Central Intelligence Agency for over 8 years. Craig is General Counsel for North America. Posted-In: alcohol Beer Budweiser Carlos Brito Financial TimesNews Management Media Best of Benzinga, Thank you for subscribing!

Mika's appreciation for great beer and amazing sales and marketing experiences led him to A-B InBev 16 years ago in Brazil. He previously worked at Simpson, Thacher & Bartlett and for the City of New York under Mayor Bloomberg. Global beer giant Anheuser Busch Inbev NV (NYSE: BUD) is searching for a new CEO and may pick someone from outside the company, Financial Times reported. He is passionate about delivering results in the right way and developing teams that excel in finding solutions. Last year, Olivier Goudet was succeeded as chairman by Marty Barrington, former CEO of tobacco company Altria Group Inc., one of AB InBev’s biggest … Under his watch, Anheuser-Busch has returned to topline growth for the first time in six years. M. Michele Burns Ms. Burns is an independent member of the Board. The executive shuffle comes at a time when the beer giant is dealing with a heavy debt load from its $102-billion takeover of SABMiller. As VP, Global Brands and earlier, as VP Marketing at Labatt, he has driven growth in Budweiser, as well as Corona, Stella Artois and regional and high-end Canadian products. Anheuser-Busch InBev has began a process to replace Chief Executive Carlos Brito, the Financial Times reported on Monday. In more than 21 years with the company, he’s put that passion to work at many of our breweries across the country, and most recently in leading our aluminum can, lid and glass bottle production.

Offers may be subject to change without notice. He has also overseen public affairs activities in more than 100 other countries around the world. Previously Global Vice President Operations and Logistics, he has supported our Global Brands expansion and achieved major improvements in service level, safety, quality and sustainability KPIs. He joined the North American team in 2018, bringing valuable experience to drive success and innovation in our supply chain. Copyright© Mediacorp 2020. It looks like the email address you entered is not valid. One Busch Place. See here for a complete list of exchanges and delays. Brendan holds a dual bachelor’s degree in economics and classics from Bucknell University and an MBA from Harvard University. AB InBev declined to comment on the FT report, which also said that the company is currently considering only one internal candidate, Michel Doukeris, who heads its North America-based Anheuser-Busch business. AB InBev declined to comment on the FT report, which also said that the company is currently considering only one internal candidate, Michel Doukeris, who heads its North America-based Anheuser-Busch business. Born in 1958, she is an American citizen and graduated Summa Cum Laude from the University of Georgia with a Bachelor’s Degree in Business Administration and a Master’s Degree in Accountancy. Powered and implemented by Interactive Data Managed Solutions. Our Standards: The Thomson Reuters Trust Principles. Finance chief Felipe Dutra stepped down in February, and Chairman Olivier Goudet stepped down last year. He has spent the last four years in the US as a regional vice president and today, he’s focused on finding new ways to elevate beer and to advance the category as a whole. As a 40-year veteran of Anheuser-Busch, Bob has incredible insight into the US market, and there is not a more dedicated or respected “Bud Man” than him.

In response, the company has halved its final 2019 dividend and sold assets, including its Australian business to Japan’s Asahi. Cesar was born and raised near Los Angeles and graduated from the University of Southern California with a bachelor’s degree in Communications.

Brito is involved with the board in the process and plans to step down at some point next year, the FT said, citing one person. All rights reserved. However, AB InBev's shares are currently trading 60% below their all-time high of 2015, partly due to concerns over the deal-related debt, which was at a net $87.4 billion at the end of June. The debt load of $87.4 billion translates to 4.9 times earnings. Don't have a Benzinga account? (Reporting by Maria Ponnezhath in Bengaluru, Martinne Geller in London and Philip Blenkinsop in Brussels; Editing by Susan Fenton and Alexander Smith), FILE PHOTO: The logo of AB InBev is pictured inside the brewer's headquarters in Leuven, Orchard Towers death: Chan Jia Xing let off with conditional warning, Every Senior In United States Urged To Wear This $49 SmartWatch, Singapore-HK travel bubble to have minimal restrictions: Ong Ye Kung, By Invite Only is set to hit its seven-figure revenue target for 2020: founder Trixie Kong, Grid operator SP Group does not benefit directly from tariff hikes: Tan See Leng, MRT breakdown: Attempt to fix faulty power cable set off chain of issues, says SMRT, Parti Liyani will proceed with application for disciplinary proceedings against prosecutors: NGO, Thailand protests: Government declares state of emergency after demonstrators confront royal family, Her Credit Score Went From 588 to 781 (With This), Live sport, staycations and vegan pizzas help Domino's UK sales soar 20%, Navy Seal who killed Osama bin Laden hits out at Trump for pushing conspiracy theory he killed a body double, Power fault caused train service disruption on North-South, East-West, Circle lines, 'I am just waiting to die': Woman who was molested by stepfather for over 20 years, Global Treatment and Diagnosis of Sexually Transmitted Diseases Markets, 2025 - Focus on Antibiotics, Antivirals/Antiretrovirals & EIA, ELISA, PCR, Rapid Diagnostics - ResearchAndMarkets.com.

Ingrid holds a bachelor’s and master’s degree in business engineering from the Katholieke Universiteit Leuven. All Rights Reserved. Carlos Alves de Brito (born 1960 in Rio de Janeiro, Brazil) is a Brazilian businessman who has served as CEO of Anheuser-Busch InBev since 2008. Quotes delayed at least 15 minutes. meREWARDS lets you get coupon deals, and earn cashback when you complete surveys, dine, travel and shop with our partners. Anheuser-Busch InBev has began a process to replace Chief Executive Carlos Brito, the Financial Times reported on Monday. Michel joined A-B InBev in 1996 and managed commercial operations in Latin America, Asia, and in the global headquarters before assuming leadership of Anheuser-Busch and the North American business in January of 2018. Now the head of Supply, Dave is tasked with overseeing our North American breweries and other facilities. Mediacorp Pte Ltd. All rights reserved.

Ago is a Chartered Accountant and holds a Bachelor of Commerce degree from the University of Toronto. (Reuters) - Budweiser beer maker Anheuser-Busch InBev has started searching for a replacement for its long-serving chief executive Carlos Brito, the Financial Times reported https://www.ft.com/content/101049df-27ee-4362-973e-b763a05dd7b6 on Monday. Do not share this content with minors. Our leadership team set the course for our company and inspire our employees across the country to take on new challenges and lead the future growth of our industry every day. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. Finance chief Felipe Dutra stepped down in February, and Chairman Olivier Goudet stepped down last year. Starting as a delivery route driver early in his career, Bob has climbed through the ranks and is now responsible for managing our relationships with our independent wholesalers nationwide.

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