August Busch IV
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This page is for 5th generation brewing magnate, August Busch IV. For other persons see August Busch.
| August Busch IV | |
|---|---|
| Born | 1964 |
| Occupation | Brewing Magnate |
| Parents | August Busch III |
| Children | August Busch V |
August Anheuser Busch IV (1964- ) is the great-great-grandson of Anheuser-Busch founder Adolphus Busch, the son of former Chairman August Busch III and on December 1, 2006 succeeded Patrick T. Stokes, who held the positions of President and Chief Executive Officer of the company since July 2002.
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[edit] Promotion
On September 27, 2006, the Company also announced the election of Mr. Busch IV as a member of the Board of Directors effective September 27, 2006. Mr. Busch IV is a member of the Executive Committee *of the Board of Directors (since December 1, 2006). He is the sixth Busch family member to run the Company as CEO. Stokes has been named chairman of the board, effective December 1, 2006, succeeding August A. Busch III. Stokes had succeeded Mr. Busch III in his current positions. Stokes' tenure from June 2002 to November 30, 2006 marked the first time in the history of the company that a non Busch Family Member ran the day to day operations.
[edit] Role
He served as President of the Company's subsidiary, Anheuser-Busch, Incorporated, prior to his promotion and had previously served as its Group Vice President-Marketing and Wholesale Operations (2000-2002). He was Vice President and Group Executive of the Company and had served in such capacity since 2000. He has been an officer of the company since 1996.
[edit] Career
He has been with the company since beginning as an apprentice brewer in 1985 where he was a member of Brewers & Maltsters Local 6. He holds both a master’s degree in business administration and a bachelor’s degree (magna cum laude) in finance from St. Louis University. He has a brewmaster’s degree from the International Brewing Institute in Berlin. Busch IV serves on the board of FedEx Corporation.
[edit] Reference
- New York Times; September 28, 2006; A Busch Retakes the Reins. St. Louis, Missouri, September 27, 2006 (Associated Press) August A. Busch IV was named to become president and chief executive of Anheuser-Busch on Wednesday in a move that puts a member of the Busch family back in charge of the company, the nation’s largest brewer. Mr. Busch, 42, is currently president of the United States brewery unit of the company, the flagship division that makes Budweiser, Bud Light and other beers. Mr. Stokes’s tenure was the only time in the company’s 146-year history that a Busch or Anheuser family member was not in charge of day-to-day duties. ...
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