Ferret Theory - C
Bye Bye Beer Scum!
A vast amount of Anhueser-Busch Executives -
“resign in mystery?”
Anheuser-Busch InBev Global Chief Marketing Officer Chris Burggraeve has stepped down and will be replaced by Miguel Patricio, zone president for Asia Pacific.
Chris Burggraeve "After 23 years of working for some of the best global brand companies, Chris has decided to explore his own entrepreneurial potential,"
Grupo Modelo spokesperson said Carlos Fernandez resigned from the board to avoid the appearance of any conflicts. Ann Gilpin, an analyst with Morningstar in Chicago, called the resignation confusing since she believes Fernandez is in favor of InBev acquiring A-B because he does not want to see Anheuser-Busch buy out the rest of Grupo Modelo. Some sources took Mr Fernandez's departure to mean that Anheuser has lost a key ally in any defence against InBev.
Tim Schoen, a 28-year veteran of Anheuser-Busch, said Monday that he’s leaving the company to pursue new career interests.
St. Louis, MO. The head of AB-InBev subsidiary Anheuser-Busch is stepping down. Dave Peacock announced his resignation Monday morning, effective immediately, in order to spend more time with his family and pursue other business interests.
Peacock, 43, became president of Anheuser-Busch in 2008 following the AB-InBev merger. He succeeded August Busch IV in that role.
Although this is a small portion of executives that have resigned over the past few years of InBev’s hostel take over with Anheuser-Busch. The resigning mysteries, of all these exec’s, are evident of a ‘hemorrhaging,’ corporate beer giant?
Not to mention: one of the founders sons ‘August Busch IV,’ scandal of killing his girl friend in his-own bed? What kind of “bold scum,” does, something like that to his girlfriend anyways? Because, he’s not going to be CEO anymore of A-B? What a poor sport….A Missouri appeals court has ruled the parents of Adrienne Martin can join a wrongful death lawsuit against August Busch IV. The 27-year-old was found dead in Busch's home last December. Authorities say she died of an overdose of the painkiller oxycodone.
Prosecutors declined to file criminal charges against Busch.
Separately speaking: More layoffs at Anheuser-Busch InBev, but the company is not saying how many or what breweries are being impacted.
A-B InBev confirms the layoffs, but says just a small number of employees are being let go. But what is their definition of "small?" In Missouri News, received some phone calls earlier Friday from people claiming to be workers at the St. Louis brewery, who said up to 500 positions were being eliminated.
Only a few weeks in, 2010 has already been a turbulent year for the brewing giant worldwide. A-B InBev announced last week it would be cutting about 300 jobs in Western Europe due to a drop in beer consumption in Belgium.
In response, workers overseas have been protesting outside plants and halting production with blockades. A union official said if InBev tries to break the blockades, all of Anheuser-Busch InBev's workers in Belgium will strike.
NEW YORK — Shares, close of trading: Anheuser-Busch Inbev ADR fell $1.05
Ferret Theory - News Editor