AB InBev appoints former Altria CEO as its chair
The brewer has nominated Marty Barrington, a current board member, although the appointment still needs to be approved by investors
Anheuser-Busch InBev (AB InBev) is tapping the former CEO of Altria Group to lead its board, filling a void as the previous chair steps down to avoid a potential conflict of interest. The world’s largest brewer has nominated Marty Barrington, a current board member, it said in a statement on Tuesday. The appointment still needs to be approved by investors at the annual meeting on April 24. Altria is one of AB InBev’s largest shareholders. Barrington retired as head of the Marlboro maker 2018 after six years in the role. During his time at Altria, he accelerated the development of the company’s products that it deems less harmful than cigarettes. He will step into the chair role at AB InBev at a time when Americans have been turning away from beer at an alarming rate. Still, the company’s Bud Light brand is by the far the most popular beer in the US. JAB conflict Outgoing chair Olivier Goudet is exiting the role at the beer maker due to a potential conflict of interest related to his...
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