Grupo Modelo Chairman and CEO Carlos Fernandez Resigns from Anheuser-Busch Board
ST. LOUIS, June 20, 2008 – Carlos Fernandez G., chairman and chief executive officer of Mexican brewer Grupo Modelo, S.A.B. de C.V., yesterday informed Anheuser-Busch Cos. Inc. (NYSE: BUD) of his resignation from the American brewer’s board of directors, effective immediately. “Carlos has always provided great value as a member of our board, with insights into the business,” said August A. Busch IV, president and chief executive officer of Anheuser-Busch. “He remains a respected colleague.”
The resignation reduces the Anheuser-Busch board to 13 members. Modelo is the importer and distributor of the Budweiser, Bud Light and O’Doul’s brands in Mexico.
Based in St. Louis, Anheuser-Busch is the leading American brewer, holding a 48.5 percent share of U.S. beer sales. The company brews the world’s largest-selling beers, Budweiser and Bud Light. Anheuser-Busch also owns a 50 percent direct and indirect interest in Modelo, Mexico’s leading brewer, and a 27 percent share in China brewer Tsingtao, whose namesake beer brand is the country’s best-selling premium beer. Anheuser-Busch ranked No. 1 among beverage companies in FORTUNE Magazine’s Most Admired U.S. and Global Companies lists in 2008. Anheuser-Busch is one of the largest theme park operators in the United States, is a major manufacturer of aluminum cans and one of the world’s largest recyclers of aluminum cans. For more information, visit www.anheuser-busch.com.