Carlos Alves de Brito (born 8 May 1960) is a Brazilian businessman who is CEO of

Belron Belron International Limited is a British-South African vehicle glass repair and replacement group operating worldwide across 34 countries and employing over 25,000 people. Headquartered in Egham, Surrey, United Kingdom, Brands Belron's brands ...

, and was CEO of

Anheuser-Busch InBev Anheuser-Busch InBev SA/NV, known as AB InBev, is an American-Belgian Multinational corporation, multinational Drink industry, drink and brewing company, brewing company based in Leuven, Belgium. It is the largest brewer in the world, and in 20 ...

from 2008 to 2021.

Early life and education

Born on 8 May 1960 in

Rio de Janeiro Rio de Janeiro, or simply Rio, is the capital of the Rio de Janeiro (state), state of Rio de Janeiro. It is the List of cities in Brazil by population, second-most-populous city in Brazil (after São Paulo) and the Largest cities in the America ...

, 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 The Federal University of Rio de Janeiro (, UFRJ) is a public university, public research university in Rio de Janeiro, Brazil. It is the largest federal university in the country and is one of the Brazilian centers of excellence in teaching and r ...

, and an

MBA A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...

from

Stanford Graduate School of Business The Stanford Graduate School of Business is the Postgraduate education, graduate business school of Stanford University, a Private university, private research university in Stanford, California. For several years it has been the most selective ...

. Brito has described

Jorge Paulo Lemann Jorge Paulo Lemann (born August 26, 1939) is a Brazilian billionaire investment banker, businessman, and former tennis player with dual Brazilian and Swiss citizenship. Lemann co-founded investment firm 3G Capital, which owns brands such as Bur ...

as a mentor.

Career

Brito was named on

Barron's ''Barron's'' (stylized in all caps) is an American weekly magazine and newspaper published by Dow Jones & Company, a division of News Corp, since 1921. Founded as ''Barron's National Financial Weekly'' in 1921 by Clarence W. Barron (1855–19 ...

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.”

AmBev

After graduating, Brito worked for

Shell Oil Shell plc is a British multinational oil and gas company, headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New Y ...

and Daimler Benz. In 1989, he joined Brazilian beer and soft drinks company

Brahma Brahma (, ) is a Hindu god, referred to as "the Creator" within the Trimurti, the triple deity, trinity of Para Brahman, supreme divinity that includes Vishnu and Shiva.Jan Gonda (1969)The Hindu Trinity, Anthropos, Bd 63/64, H 1/2, pp. 212– ...

, which merged in 1999 with Companhia Antarctica Paulista to form AmBev. At Ambev, Brito held various positions in finance, operations and sales, before being appointed CEO in January 2004. Headquartered in São Paulo, Ambev became Brazil's largest beer company.

InBev

In 2004, AmBev merged with Belgium’s

Interbrew Interbrew is subsidiary of Anheuser-Busch InBev SA/NV is based in Breda, Netherlands. It has one subsidiary, Ambev S.A. of São Paulo, Brazil. Brands Interbrew brands have historically included Budweiser, Stella Artois, Boddingtons Brewery, Boddi ...

, owner of traditional beer brands Beck's and

Stella Artois Stella Artois ( , ) is a pilsner beer, first brewed in 1926 by Brouwerij Artois in Leuven, Belgium. In its original form, the beer is 5.2 per cent Alcohol by volume, ABV, the country's standard for pilsners. The beer is sold in many EU countrie ...

, to create InBev. 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.The Plot to Destroy America's Beer
businessweek.com, retrieved 17 September 2015

AB InBev

In July 2008,

Anheuser-Busch Anheuser-Busch Companies, LLC ( ) is an American brewing company headquartered in St. Louis, Missouri. Since 2008, it has been wholly owned by Anheuser-Busch InBev SA/NV (AB InBev), now the world's largest brewing company, which owns multiple ...

’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. Brito sold $9.4 billion in Anheuser-Busch assets, including

Busch Gardens Busch Gardens is the name of two amusement parks in the United States, owned and operated by United Parks & Resorts. The original park is in Tampa, Florida, and the second park is in Williamsburg, Virginia. There were also previously Busch G ...

and

SeaWorld SeaWorld is an American theme park chain with headquarters in Orlando, Florida. It is a proprietor of marine mammal parks, oceanariums, animal theme parks, and rehabilitation centers owned by United Parks & Resorts. The parks host shows st ...

. 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 SABMiller plc was an Anglo–South African multinational brewing and beverage company headquartered in Woking, England on the outskirts of London until 10 October 2016 when it was acquired by AB InBev for US$107-billion. It was the world's sec ...

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. 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

, Corona and

Budweiser Budweiser () is an American-style pale lager, a brand of Belgian company AB InBev. Introduced in 1876 by Carl Conrad & Co. of St. Louis, Missouri, Budweiser has become a large selling beer company in the United States. Budweiser is a filte ...

. In July 2021, Brito left AB InBev and was succeeded as CEO by Michel Doukeris. 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%.

Personal life

Brito lives in

Greenwich Greenwich ( , , ) is an List of areas of London, area in south-east London, England, within the Ceremonial counties of England, ceremonial county of Greater London, east-south-east of Charing Cross. Greenwich is notable for its maritime hi ...

with his wife. They have four children.

References

External links

Latin Business Chronicle: Top 25 Multilatinos
{{DEFAULTSORT:Brito, Carlos 1960 births AB InBev people Brazilian chief executives Federal University of Rio de Janeiro alumni Living people Businesspeople from Rio de Janeiro (city) Stanford Graduate School of Business alumni