74.20 +3.56 (5.04%)
Pre-market: 8:30AM EDT
Carlos Brito, who transformed a Brazilian regional brewer into the world’s largest beer maker Anheuser-Busch InBev, is to step down as chief executive of the group after 15 years. AB InBev said Brito would relinquish his role to Michel Doukeris, president of the group’s North America business, on July 1 and leave the company after more than three decades. The Brazilian’s departure marks the end of an era for the brewing industry after Jean-François van Boxmeer stood down as chief executive of Heineken in 2020.
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Strong volume trends, strength in off-premise and robust e-commerce growth are expected to have boosted AB InBev's (BUD) top line in Q1. Soft margins, owing to higher costs, remain deterrents.