Carlos Brito (businessman)

Born on 8 May 1960 in Rio de Janeiro, Carlos Alves Brito, a Brazilian citizen, was educated at St. Ignatius College, holds a degree in mechanical engineering from the Federal University of Rio de Janeiro, and an MBA from Stanford Graduate School of Business.{{Cite web |last=Evans |first=Peter |date=July 7, 2019 |title=Carlos Brito exclusive interview: AB InBev boss has a thirst for growth |url=https://www.thetimes.com/world/latin-america/article/carlos-brito-exclusive-interview-ab-inbev-boss-has-a-thirst-for-growth-0l9635p52 |work=The Sunday Times}}[http://newsvote.bbc.co.uk/1/hi/business/7505599.stm BBC NEWS | Business | The Brazilian recipe for brewing success]{{cite web |url=http://www.ab-inbev.com/our-story/our-team.html |title=Our Team |author= |date=October 11, 2016 |website=ABInBev |access-date=February 8, 2017}}

Brito has described Jorge Paulo Lemann as a mentor.{{cite web |author= |date=February 8, 2017 |title=Anheuser Busch Inbev NV (BUD) Summary |url=https://www.reuters.com/finance/stocks/companyOfficers?symbol=BUD |access-date=February 8, 2017 |website=Reuters |publisher=Thomson Reuters}}

Brito was named on Barron's list of the world's 30 best CEOs in 2012. Barron's said, Brito "has turned a South American brewer into the globe’s largest beer company, capped by the $52 billion purchase of Anheuser-Busch in 2008. Already, he’s boosted that unit’s profit margins by 10 percentage points.”{{Cite web |last=Weiderman |first=Greta |date=March 27, 2012 |title=Barron's picks A-B InBev CEO Brito as one of world's 30 best |url=https://www.bizjournals.com/stlouis/news/2012/03/27/barrons-picks-a-b-ceo-brito-as-one-of.html |access-date=May 23, 2022 |website=BizJournals.com}}

After graduating, Brito worked for Shell Oil and Daimler Benz. In 1989, he joined Brazilian beer and soft drinks company Brahma,[http://planetasustentavel.abril.com.br/noticia/desenvolvimento/conteudo_292416.shtml?func=1&pag=1&fnt=9pt A Budweiser é nossa] {{Webarchive|url=https://web.archive.org/web/20110706151312/http://planetasustentavel.abril.com.br/noticia/desenvolvimento/conteudo_292416.shtml?func=1&pag=1&fnt=9pt|date=2011-07-06}}, planetasustentavel.abril.com.br, retrieved 17 September 2015 (Portuguese) which merged in 1999 with Companhia Antarctica Paulista to form AmBev.[http://www.inbev.com/go/investors/overview/who_is_who.cfm InBev - Who's Who] {{webarchive|url=https://web.archive.org/web/20080702011032/http://www.inbev.com/go/investors/overview/who_is_who.cfm|date=July 2, 2008}}

At Ambev, Brito held various positions in finance, operations and sales, before being appointed CEO in January 2004.{{Cite web |date=February 27, 2018 |title=Global Brewer CEO Carlos Brito to Deliver 2018 Commencement Address at Stanford's Business School |url=https://www.businesswire.com/news/home/20180227006572/en/Global-Brewer-CEO-Carlos-Brito-to-Deliver-2018-Commencement-Address-at-Stanford%E2%80%99s-Business-School |access-date=May 23, 2022 |website=Business Wire}} Headquartered in São Paulo, Ambev became Brazil's largest beer company.{{Cite web |last=Araujo |first=Gabriel |date=May 5, 2022 |title=Brazilian brewer Ambev posts Q1 earnings beat as volumes grow |url=https://www.reuters.com/business/retail-consumer/brazilian-brewer-ambev-posts-q1-earnings-beat-volumes-grow-2022-05-05/ |access-date=May 23, 2022 |website=Reuters}}

In 2004, AmBev merged with Belgium’s Interbrew, owner of traditional beer brands Beck's and Stella Artois, to create InBev.{{cite web |author= |date=February 8, 2017 |title=Anheuser Busch Inbev NV (BUD) Summary |url=https://www.reuters.com/finance/stocks/companyOfficers?symbol=BUD |access-date=February 8, 2017 |website=Reuters |publisher=Thomson Reuters}}

Brito was appointed Zone President North America in January 2005 and then CEO in December 2005. InBev’s earnings margin (before taxes and depreciation) rose from 24.7 percent in 2004 to 34.6 percent in 2007. Its stock price nearly tripled during the same period.[https://web.archive.org/web/20140812050508/http://www.businessweek.com/printer/articles/78040-the-plot-to-destroy-americas-beer The Plot to Destroy America's Beer], businessweek.com, retrieved 17 September 2015

In July 2008, Anheuser-Busch’s board of directors accepted InBev’s takeover bid of $52 billion, or $70 per share. Brito led the transaction and remained CEO of the enlarged group.[http://www.ab-inbev.com/corporate-governance/our-team/who-s-who.html Who's Who at AB InBev] {{Webarchive|url=https://web.archive.org/web/20161006233447/http://www.ab-inbev.com/corporate-governance/our-team/who-s-who.html|date=2016-10-06}}, am-inbev.com, retrieved 17 September 2015

Brito sold $9.4 billion in Anheuser-Busch assets, including Busch Gardens and SeaWorld. Trevor Stirling, a beer industry analyst at Bernstein Research (AB), said Brito made the company "enormously more profitable."

In October 2016, Brito led the acquisition of SABMiller at a purchase price of $102.85 billion, one of the largest corporate mergers in history. The deal was backed by 95% of SABMiller shareholders.{{Cite web |last=Geller |first=Martinne |date=September 28, 2016 |title=SABMiller investors cheer $100 billion-plus AB InBev takeover |url=https://www.reuters.com/article/us-sabmiller-m-a-a-b-i/sabmiller-investors-cheer-100-billion-plus-ab-inbev-takeover-idUSKCN11Y0QY |access-date=May 23, 2022 |website=Reuters}} Brito remained CEO of what is now the world's largest brewer, with approximately 170,000 employees producing more than 25% of the world's beer, including the labels Stella Artois, Corona and Budweiser.{{cite web |url=http://www.ab-inbev.co.uk/2016/10/anheuser-busch-inbev-announces-completion-of-combination-with-sabmiller |title=Anheuser-Busch InBev Announces Completion of Combination with SABMiller |author= |date=October 11, 2016 |website=AB-InBev |publisher=Anheuser-Busch InBev SA/NV |access-date=February 8, 2017 |quote=Anheuser-Busch InBev SA/NV (“AB InBev”, formerly Newbelco SA/NV (“Newbelco”)) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) is pleased to announce the successful completion of the business combination with SABMiller plc (“SABMiller”) (the “Combination”) |archive-url=https://web.archive.org/web/20170211160353/http://www.ab-inbev.co.uk/2016/10/anheuser-busch-inbev-announces-completion-of-combination-with-sabmiller/ |archive-date=February 11, 2017 |url-status=dead }}{{cite web |url=https://www.reuters.com/finance/stocks/companyOfficers?symbol=BUD |title=Anheuser Busch Inbev NV (BUD) Summary |author= |date=February 8, 2017 |website=Reuters |publisher=Thomson Reuters |access-date=February 8, 2017}}{{Cite web |last=Buckley |first=Thomas |date=March 9, 2019 |title=Major brewer to spend more on marketing |url=https://www.vnews.com/World-s-biggest-beer-company-has-a-new-strategy-sell-more-beer-23842825 |access-date=May 23, 2022 |website=Valley News}}

In July 2021, Brito left AB InBev and was succeeded as CEO by Michel Doukeris.{{Cite web |title=Anheuser-Busch InBev Announces CEO Succession: Michel Doukeris named CEO effective 1 July, 2021 Carlos Brito to step down after 15 years as CEO |url=https://www.ab-inbev.com/content/dam/abinbev/news-media/press-releases/2021/04/ABI_CEO_050621_EN.pdf |access-date=21 April 2023}} During Brito's tenure as CEO, from 2005 to 2020, AB InBev's market capitalization increased from $26 billion to $141 billion, annual revenue increased from $14.5 billion to $46.88 billion, normalized EBITDA increased from $4.14 billion to $17.32 billion, and normalized EBITDA margin increased from 28.6% to 36.9%.{{Cite web |date=2021 |title=Carlos Brito |url=https://www.ab-inbev.com/content/dam/abinbev/news-media/press-releases/2021/04/Brito%20Profile.pdf |access-date=May 24, 2022 |website=AB InBev}}

Brito lives in Greenwich with his wife.{{Cite web |date=April 28, 2019 |title=Two Leading Greenwich Residents Named Corporate Co-Chairs of CAMFED Gala |url=https://greenwichfreepress.com/around-town/giving/two-leading-greenwich-residents-named-corporate-co-chairs-of-camfed-gala-121699/ |access-date=May 23, 2022 |website=Greenwich Free Press}} They have four children.

{{Reflist}}

• [https://web.archive.org/web/20100819051332/http://www.latinbusinesschronicle.com/app/article.aspx?id=4455 Latin Business Chronicle: Top 25 Multilatinos]

{{Anheuser–Busch InBev}}

{{DEFAULTSORT:Brito, Carlos}}

Category:1960 births

Category:AB InBev people

Category:Brazilian chief executives

Category:Federal University of Rio de Janeiro alumni

Category:Living people

Category:Businesspeople from Rio de Janeiro (city)

Category:Stanford Graduate School of Business alumni