OpenAI Eyes Massive 10GW Ohio Data Center Campus in Potential $500 Billion AI Infrastructure Deal 
SpaceX IPO Demand Surges Past $250 Billion Ahead of Historic Market Debut 
J.P. Morgan Sees Major Upside for Prysmian as Optical Fiber Prices Surge 
Sigma Healthcare Shares Slide Amid Preliminary Boots Acquisition Talks 
Asics Considers Onitsuka Tiger Spinoff as Luxury Sneaker Brand Expands Globally 
Trump Administration Defends Anthropic AI Restrictions in Ongoing Federal Lawsuit 
GM and Peak Energy Partner to Advance Sodium-Ion Battery Technology for Grid Storage 
GSK Reportedly Nears $9 Billion Acquisition of Cancer Drug Developer Nuvalent 
BitGo Expands Regulated Crypto Trading Services in MENA 
OpenAI May Slash AI Service Prices Amid Growing Rivalry With Anthropic 
Alaska Air Group Eyes Return of Financial Guidance as Fuel Market Volatility Eases 
Nvidia Expands South Korea AI Partnerships to Strengthen Data Center and Memory Chip Supply 
Changchun Targets EV Growth as China’s Auto Industry Consolidation Accelerates 
SK Hynix Stock Rebounds as AI Memory Chip Demand Fuels Expansion Plans 
MOL Gets More Time to Negotiate Acquisition of Russian-Owned Stake in Serbia’s NIS 
Qualcomm Stock Gains After Jensen Huang Endorsement 
Bouygues, Orange and Iliad Strike €20.35 Billion Deal to Acquire SFR 
Anheuser-Busch InBev US lost its chief marketing officer after he decided to step down from his post. Benoit Garbe is leaving the company as the sales of the firm’s Bud Light drinks continue to drop despite efforts to revive it.
In any case, the reports of Anheuser-Busch InBev’s CMO’s departure come not long after the beer producer reported a decline in Bud Light sales. The main reason for the continued drop is said to be the backlash it received over various controversies that started with the Dylan Mulvaney incident.
Anheuser-Busch Confirms Marketing Chief’s Exit
As per CNN Business, Anheuser-Busch released a statement on Wednesday, Nov. 15, announcing the upcoming resignation of Garbe. As he vacated his seat, the company said that Kyle Norrington, the current US chief commercial officer, will temporarily take over.
There could have been a lot of pressure for Garbe as Anheuser-Busch posted a 13.5% decrease in the third quarter in its revenue in the United States per 100 liters which is a key measure of beer sales. This result possibly played a big part in his decision to step down.
At any rate, the numbers started to plummet after Bud Light teamed up with transgender influencer Dylan Mulvaney and the response from the public was so negative at that time. It ultimately created various controversies and sales have been dull since then.
Reason for Departure
It was said that Garbe is set to resign from his CMO role at Anheuser-Busch InBev US at the end of this year. The brewing company reportedly announced his resignation this week.
As for the reason for his decision to step down, BrewBound reported that the company’s spokesperson said that Garbe is giving up his role to “embark on a new chapter in his career.” he has been the firm’s CMO since the last part of 2020 and was the replacement for Fabricio Zonzini who left in the previous year.
Photo: Anheuser-Busch Media Gallery
