- Push-out Score determined
- After almost 16 years in the position
- Praise and thanks for Brito
- Michel Doukeris taking over
- Brito said 83 words
(exechange) — Brussels, Belgium, May 6, 2021 — Carlos Brito, chief executive of AB InBev, leaves. As announced by Anheuser-Busch InBev SA/NV in a news release on Thursday, May 6, 2021, Carlos Brito leaves his post as chief executive officer at the brewer of Budweiser, Stella Artois and Corona after almost 16 years in the role, effective July 1, 2021.
It is the end of an era.
Carlos Brito’s duties as CEO will be taken over by Michel Doukeris, currently President of the North America Zone at Anheuser-Busch InBev SA/NV.
A new leader for the North America Zone will be announced before July 1, 2021.
“Accelerate AB InBev’s transformation”
AB InBev did not give an explicit reason for Carlos Brito’s departure from the CEO post, leaving room for speculation. AB InBev said: “Michel Doukeris is uniquely suited to accelerate AB InBev’s transformation and lead its next chapter of growth. Throughout his career at AB InBev Michel has consistently delivered strong results while serving in key leadership roles in Brazil, China and the United States, three of the company’s largest markets. As President of the North America Zone, the U.S. business has delivered consistent topline growth and led the beer industry in innovations for the last two years.”
Precise information regarding Carlos Brito’s future plans was not immediately available.
“Step down”
AB InBev said: “Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) (“AB InBev”) today announced that its Board of Directors has unanimously elected Michel Doukeris, President of AB InBev’s North America Zone, to succeed Carlos Brito as Chief Executive Officer effective 1 July, 2021. Brito will step down after 15 years as CEO and 32 years at the company.”
Share price decline since May 2016
The announcement follows a decline in Anheuser-Busch InBev SA/NV’s share price of 44% since May 2016.
In the position of CEO since 2005
Carlos Brito became CEO of the Company in 2005.
Born in 1960, he is a Brazilian citizen and received a Degree in Mechanical Engineering from the Universidade Federal do Rio de Janeiro and an MBA from Stanford University Graduate School of Business.
Brito joined Ambev in 1989 where he held roles in Finance, Operations, and Sales, before being appointed Chief Executive Officer in January 2004.
He was appointed Zone President North America at InBev in January 2005 and Chief Executive Officer in December 2005.
He is a member of the board of directors of Ambev.
He is also an Advisory Council Member of the Stanford Graduate School of Business and serves on the Advisory Board of the Tsinghua University School of Economics and Management.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Carlos Brito’s move on a scale of 0 to 10.
exechange reached out to AB InBev and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 19.2021 ($).