Anheuser-Busch InBev’s chairman Olivier Goudet said on Tuesday he was stepping down from the brewer’s board to devote more time to his job as CEO of investment firm JAB Holdings.
Goudet’s resignation was first reported by the Financial Times, which cited concerns among the brewer’s board about JAB’s acquisition activity. It quoted one source saying the board was concerned its beverage holdings had become too close to those of AB InBev, maker of Stella Artois and Budweiser beer.
“I can confirm that I have decided to step down from my position on the board of AB InBev in order to devote more time to my growing responsibilities as Managing Partner and CEO of JAB Holding Co,” Goudet said in a statement.
The statement was sent to Reuters by a JAB spokesman.
Anheuser-Busch InBev said Goudet would step down after an annual shareholders’ meeting set for April 24 and that a successor, along with new board members, would be announced in due course.
“The board’s succession plan has been developed since last year and we have been working with Mr Goudet on a smooth transition,” the Belgium-based company added.
By Mekhla Raina and Martinne Geller
Source: Reuters
The agri-food powerhouse is now eyeing the potential sale of a 50 percent stake Alvean, a joint venture with Brazilian sugar giant Copersucar. Following the pending divestiture, Cargill would pivot its focus toward its food processing and meat activities.
The Life Cycle Assessment (LCA) conducted by Ramboll suggests advantages are primarily driven by the carbon emissions related to the amount of energy and freshwater required to wash the multi-use tableware.
The brewer’s South African arm says there has been significant impact from bans on alcohol sales and Covid-19 trading restrictions. At the end of December, the country banned alcohol sales for the third time to help reduce the pressure on emergency services.
