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Anheuser-Busch InBev stock rises on new CEO, earnings beat

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Carlos Brito, chief executive of Anheuser-Busch InBev,

Eric Vidal | Reuters

Shares of Anheuser-Busch InBev rose more than 6% in midday trading Thursday after the Bud Light brewer announced that CEO Carlos Brito will step down, effective July 1.

Michel Doukeris, who currently serves as the head of the company’s North American business, will take the reins from Brito.

“The CEO announcement will allow investors to reformulate views on a company which appears to be at the start of a positive transition,” Barclays analyst Laurence Whyatt wrote in a note to clients.

In addition to the succession announcement, Anheuser-Busch InBev reported its first-quarter earnings, topping Wall Street’s estimates…



Source cnbc.com

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