• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Top Anheuser-Busch marketing executive is leaving after collapse in Bud Light sales
Editor's Pick

Top Anheuser-Busch marketing executive is leaving after collapse in Bud Light sales

by November 18, 2023
by November 18, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Beer giant Anheuser-Busch says its head of U.S. marketing is leaving, months after its Bud Light brand lost its position as the top beer brand in the country.

The company said U.S. Chief Marketing Officer Benoit Garbe will leave at the end of 2023 “in order to embark on a new chapter in his career,” with U.S. Chief Commercial Officer Kyle Norrington taking charge of marketing activities.

The company said other sales leaders will report directly to Anheuser-Busch CEO Brendan Whitworth.

“These senior leadership changes will accelerate our return to growth as we continue to focus on what we do best — brewing great beer for everyone and earning our place in moments that matter,” Whitworth said in an emailed statement.

He also said the changes would reduce layers of management.

Bud Light lost its U.S. leadership title to Modelo Especial over the summer. Sales of the brand have been falling for years while Modelo’s parent, Constellation Brands, gained steam and marketed itself more successfully to younger beer drinkers.

Bud Light was also the target of a sharp backlash after it partnered with transgender influencer Dylan Mulvaney in April for a sponsored Instagram post that ran the weekend of the NCAA basketball men’s and women’s national championships.

Conservative politicians and influencers said they would boycott the brand in response and shared videos of themselves throwing the beer away, pouring it out, or shooting cans.

This post appeared first on NBC NEWS
You Might Also Like
  • FAA increases oversight of Boeing 737 Max 9 jets after Alaska Airlines near-disaster
  • NHTSA presses Tesla for more records in Autopilot safety probe
  • Holiday travelers can expect cheaper flights, packed hotels and lots of boomers
  • Berkshire Hathaway employee wins $1 million in Warren Buffett’s March Madness bracket challenge
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Recap and Action Plan: Small Caps, Beans, Oil
next post
Prodded everywhere to tip, Americans often say no

You may also like

Going camping off the grid is getting harder. But admit...

June 17, 2024

Dave & Buster’s plan to allow betting on arcade games...

May 6, 2024

Regulators caught Wells Fargo, other banks in probe over mortgage...

December 13, 2023

Some Juul users are receiving thousands of dollars as part...

October 22, 2024

Amazon Prime Video viewers will have to pay an extra...

December 29, 2023

Prices held steady in October as inflation slowed further

November 16, 2023

OpenAI announces a search engine called SearchGPT; Alphabet shares dip

July 26, 2024

Tesla sees record global deliveries after lowering prices and tapping...

July 6, 2023

Elon Musk’s Starlink brings internet — and politics — to...

October 3, 2024

Walmart managers can now earn $400,000 a year, no college...

February 1, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,630 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Chevy Bolt owners to receive settlement...

    May 20, 2024

    Boeing factory strike crosses 1-month mark...

    October 15, 2024

    Paramount merger sparks concern among movie...

    July 10, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here