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.
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