Anheuser-Busch InBev introduced that its longtime chief economical officer, Felipe Dutra, will be stepping down from his job immediately after the company’s shareholder assembly on April 29.
Dutra, who has been CFO considering the fact that 2005, was also AB InBev’s chief technological innovation officer.
“Felipe’s departure is bittersweet,” chief govt officer Carlos Brito explained in a assertion. “For almost 30 years, he has been a champion of our enterprise and a excellent lover to me.”
Dutra will be replaced by Fernando Tennenbaum. A fifteen-year veteran of the enterprise, Tennenbaum presently serves as vice president AB InBev’s South The united states division as perfectly as CFO of its Brazilian subsidiary, Ambev. Tennenbaum will also join the company’s govt committee.
Dutra’s departure was one particular of a quite a few of govt moves the brewer introduced Thursday.
AB InBev named David Almeida, chief folks and technique officer, to change Dutra as chief technological innovation officer. Nelson Jamel was named chief folks officer.
Scott Grey, who most recently served as vice president of worldwide treasury and chance administration at AB InBev, was named CFO at the tea and coffee enterprise JDE Peet’s, productive February 24.
Edward Mundy, an analyst at Jefferies, explained the govt moves would help prospective succession scheduling and that they “argued against” any key merger-and-acquisition activity in the in the vicinity of time period.
AB InBev explained the moves were element of “a perfectly-set up succession approach.”
In a assertion, Brito explained Tennenbaum’s mandate would be to “ensure AB InBev proceeds to invest driving the organic and natural growth of the business even though deleveraging toward the optimal funds structure.”
The enterprise took on additional than $100 billion in financial debt next its 2016 acquisition of SABMiller. In September it lifted about $five billion as a result of an original general public providing of its Asia-Pacific device. It canceled strategies for a even bigger IPO in Hong Kong in July amid protests in that town.
JASPER JACOBS/AFP by way of Getty Pictures