US: Anheuser names non-family CEO as Q1 up
The US brewing giant Anheuser-Busch saw its first-quarter profits jump 16%, led by higher pricing and the success of its malt-based RTD Bacardi Silver. The company also announced that it was breaking a 142-year-old run by naming a non-family member as its chief executive. Patrick Stokes, 59, who is currently in charge of the company's US beer business, will become president and chief executive on July 1. He will replace August Busch III, who will remain as chairman and who turns 65 in June. The news was well received in the marketplace, where Stokes is well respected.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 15 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Has Diageo added Beer to its 'Non-Core' List?
- Focus - Diageo's FY Performance by Region
- Diageo " knew United Spirits would be complicated”
- Diageo Q4 & FY - Preview
- It's not all bad for Diageo - Analysis
- NPD: Tomatin Contrast, Cù Bòcan
- Challenges remain as Diageo posts flat FY sales
- Diageo, Heineken end South Africa, Namibia JV
- Bacardi creates Bacardi rum marketing role
- Tesco pulls small carton-size Ribena, Rubicon, Cap
- Global gin insights - market data, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global liqueurs insights - market forecasts, product innovation and consumer trends research
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global cachaca insights - market data, product innovation and consumer trends research