US: August Busch IV to quit Anheuser-Busch InBev board
August Busch IV to step down from Anheuser-Busch InBev board
August Busch IV will step down from Anheuser-Busch InBev's board next month, cutting the last remaining official tie between the brewer and the Busch family.
Busch IV will step down at the Budweiser brewer's annual general meeting, scheduled for 26 April. "For personal and health reasons, August Busch IV has decided not to seek re-election at the Annual Shareholders Meeting," an A-B InBev spokesperson said today (29 March).
His departure means that the Busch family will no longer have any direct influence on the running of A-B InBev, which was formed via InBev's record-breaking US$52bn takeover of A-B in 2008.
The deal sat uneasily with August Busch IV, despite his willingness to sit on the merged company's board. "I would have given up my life to save the company," 46-year-old Busch told the St Louis Post-Dispatch in January this year. His interview with the paper followed the death of his 27-year-old girlfriend, Adrienne Martin.
In 2006, August Busch IV became CEO of Anheuser-Busch, taking over from his father, August Busch III.
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