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- By Tom Whitfield
Grocery & CPG
Anheuser-Busch CEO Brendan Whitworth Departs for Equinox Role
Brendan Whitworth exits as Anheuser-Busch CEO at the end of November to lead Equinox, with AB InBev chief Michael Doukeris taking direct control of North America.
At a glance
- Brendan Whitworth departs as Anheuser-Busch CEO at the end of November to become CEO of Equinox.
- AB InBev CEO Michael Doukeris will lead the North American unit while a successor is sought.
- AB InBev is investing $600 million in its U.S. brewing facilities.
- Third-quarter revenue reached $16.5 billion, up 4.9% organically; beer volume fell 0.1% while non-beer volume grew 4%.
Anheuser-Busch CEO Brendan Whitworth leaves the company at the end of November to become CEO of luxury fitness and lifestyle brand Equinox, AB InBev announced Monday.
The exit removes the head of AB InBev's North American business after four years in the role. Michael Doukeris, CEO of the global company, will lead Anheuser-Busch personally while the business unit searches for a new leader. Doukeris ran North America himself from 2018 to 2021 before his promotion to the top job.
What did Doukeris say about the transition?
"The strategy in the U.S. that has been in place since 2018 has resulted in an industry-leading portfolio, strong alignment with our wholesaler partners, and sustained commercial momentum," Doukeris said in a statement. "I look forward to continuing to work alongside our world-class North America leadership team, wholesalers and partners to accelerate our current momentum."
For brewers and their retail partners, the message is continuity rather than reset. Doukeris built the current U.S. strategy and now personally supervises its execution during the leadership search.
How did Whitworth rise at AB InBev?
Whitworth joined AB InBev in 2013 as a global director of sales, according to his LinkedIn profile. He assumed the role of Anheuser-Busch CEO and zone president of North America in July 2021, after Doukeris was tapped to lead the global company.
His tenure spans the company's $600 million investment in U.S. brewing facilities, a program aimed at improving domestic manufacturing operations. In North America, the company has concentrated brand-building on Michelob Ultra and Busch Light.
Why is the portfolio shifting beyond beer?
Traditional beer sales decline across the industry, and AB InBev has turned to acquisitions to grow beyond the category. Late last year the company announced a plan to acquire a majority stake in BeatBox, a party punch brand.
The strategy shows in the numbers. Last week AB InBev reported third-quarter revenue of $16.5 billion, a 4.9% organic increase. Beer volume fell 0.1% in the quarter, while non-beer portfolio volume grew 4%.
What comes next for North America?
Doukeris faces the twin tasks of naming a successor and sustaining momentum in a shrinking beer market. The third-quarter results suggest the beyond-beer push is carrying growth that core lager volumes no longer deliver, and the next North American leader will inherit a portfolio deliberately weighted toward that shift.
Source: Food Dive
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Staff writer covering people, launches and day-to-day practice in trade marketing, shopper marketing, trade promotions, category management at Target Marketing.
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