Connect with us

Hi, what are you looking for?

Big States NewsBig States News

Business

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

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 May Also Like

Stock

In this episode of StockCharts TV‘s The Final Bar, Tony Dwyer of Canaccord Genuity talks Fed policy, corporate bond spreads, and why the level of interest...

World News

With his foot on a front porch of a stately home in Charleston, S.C., a canvasser for a $100 million field effort supporting Florida...

World News

LOS ANGELES — On Tuesday, just minutes after the Supreme Court reversed the conviction of a man who’d made relentless online threats to a...

Business

Mortgage rates turned higher again last week. But the increase did not cut into mortgage demand, as buyers sought newly built homes. Total mortgage...