Anheuser-Busch has said CEO August Busch IV is in talks to sign a multi-million dollar consultancy contract with the brewer's prospective new owners, InBev.

Under the proposed contract, set to run until the end of 2013, Busch would receive a lump sum of $10.3m as well as a fee of around $120,000 per month, according to a stock market filing by A-B yesterday (18 August).

The move would allow InBev to tap Busch's considerable experience in the US beer market.

The Budweiser brewer said that Busch would, at the request of InBev's CEO, "provide advice to InBev on A-B new products and new business opportunities; review A-B marketing programmes; meet with retailers, wholesalers and key advertisers".

Still based in St Louis, he would also attend media events in North America, as well as advise on community projects and the taste profile of A-B beers.

A-B added that Busch IV was also due to receive a separate $13m payment "on various change in control payments and benefits" related to the $52bn takeover agreement with InBev.