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BELGIUM: InBev silent on former CEO legal claims

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InBev has declined to comment on local reports claiming its former CEO is seeking legal advice over unpaid stock options.

Belgian daily newspaper Le Soir reported this week that John Brock, who left the brewer in December 2005, is taking legal advice over the EUR30m (US$40.6m) he believes InBev owes him as part of a golden handshake package.

The report said that InBev has recognised that it owes EUR10m to Brock, who was replaced by Carlos Brito after almost three years at the helm. The brewer was cited as believing the remaining EUR20m includes stock options which were cancelled as Brock did not spend three years at the head of the company.

When contacted by just-drinks today (13 April), a spokesperson for InBev would not be drawn on the reports. "We will not be commenting on this matter," the spokesperson said. No comment was given either to requests for Brock's final salary package.

Brock is currently CEO at Coca-Cola bottler Coca-Cola Enterprises in the US.


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