Modelo CEO Leaves Anheuser-Busch Board

The CEO of Modelo, Carlos Fernandez, has left the board of Anheuser-Busch, announced by Anheuser-Busch. Possibly due to the meetings that have been taking place for InBev to takeover Anheuser-Busch.

Here is the Anheuser-Busch Release:

“ST. LOUIS, June 20 /PRNewswire-FirstCall/ — Carlos Fernandez G., chairman and chief executive officer of Mexican brewer Grupo Modelo, S.A.B. de C.V., yesterday informed Anheuser-Busch Cos. Inc. (NYSE: BUD – News) of his resignation from the American brewer’s board of directors, effective immediately.

“Carlos has always provided great value as a member of our board, with insights into the business,” said August A. Busch IV, president and chief executive officer of Anheuser-Busch. “He remains a respected colleague.”

The resignation reduces the Anheuser-Busch board to 13 members. Modelo is the importer and distributor of the Budweiser, Bud Light and O’Doul’s brands in Mexico.

Based in St. Louis, Anheuser-Busch is the leading American brewer, holding a 48.5 percent share of U.S. beer sales. The company brews the world’s largest-selling beers, Budweiser and Bud Light. Anheuser-Busch also owns a 50 percent direct and indirect interest in Modelo, Mexico’s leading brewer, and a 27 percent share in China brewer Tsingtao, whose namesake beer brand is the country’s best-selling premium beer. Anheuser-Busch ranked No. 1 among beverage companies in FORTUNE Magazine’s Most Admired U.S. and Global Companies lists in 2008. Anheuser-Busch is one of the largest theme park operators in the United States, is a major manufacturer of aluminum cans and one of the world’s largest recyclers of aluminum cans.”

Related Posts

• Anheuser-Busch Board Meeting to Discuss Options on InBev Bid (66.9723)
• Anheuser-Busch Agrees to Sell to InBev, Company Now Called Anheuser-Busch InBev (60.8336)
• Anheuser-Busch Takeover, Anheuser-Busch to Be Sold (57.3687)
• Buffett May Get $600 Million If InBev Buys Anheuser-Busch (56.359)
• InBev Launches Bid to Takeover Anheuser-Busch (52.625)