A-B InBev held its AGM on Wednesday

A-B InBev held its AGM on Wednesday

Anheuser-Busch InBev has appointed Olivier Goudet as its new chairman, replacing Kees Storm who is stepping down from the board.

Goudet was approved at the company's AGM on Wednesday, A-B InBev said this week. The former Mars CFO has held a seat on the Budweiser brewer's board since 2011 and will have a four-year mandate as chairman. He is currently CEO of Luxembourg-headquartered investment group JAB Holding Co.

Storm had reached the end of his four-year term, A-B InBev said.

The board also approved a total dividend for 2014 of EUR3 (US$3.37).

In February, A-B InBev reported a 11.7% lift in full-year group net profits, off the back of a 9% lift in sales. Volumes in the 12-month period came in flat.