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Anheuser-Busch CEO leaving to take CEO job at high-end gym chain Equinox
Yahoo Finance • • business
Key Points:
- Brendan Whitworth, CEO of Anheuser-Busch (North American arm of AB InBev), is departing at the end of November to become CEO of high-end gym chain Equinox.
- Michel Doukeris, AB InBev's global CEO and former North America head, will lead Anheuser-Busch's North America business interimly until a new leader is appointed.
- Whitworth's tenure saw Bud Light face significant sales declines following a controversial partnership with transgender influencer Dylan Mulvaney in 2023, leading to a nationwide boycott and political backlash.
- Despite Bud Light's struggles, AB InBev's North America business has gained market share in total alcohol for 10 consecutive quarters, driven by brands like Michelob Ultra and Busch Light.
- AB InBev shares have risen 25% year to date, with analysts praising the company's strong beer portfolio, digital capabilities, and scale advantages, projecting continued growth.
