Budweiser Brewing Co. APAC Ltd. ( (HK:1876) ) has provided an update.
Budweiser Brewing Company APAC Limited has announced a change in its senior leadership, with Yanjun Cheng set to take over as CEO and Co-Chair effective April 1, 2025. Cheng, a 29-year veteran of the company, will succeed Jan Craps, who is stepping down after seven years in the role and 23 years at AB InBev. Cheng’s appointment is seen as a strategic move to leverage his extensive experience in the region, particularly in China, to drive further growth and streamline operations. The transition is expected to be smooth, with Cheng’s proven track record in leadership and innovation poised to benefit the company’s stakeholders.
More about Budweiser Brewing Co. APAC Ltd.
Budweiser Brewing Company APAC Limited is a leading premium brewer in Asia, known for its strong brand portfolios across Canada, Australia, and the APAC region. The company focuses on brewing, procurement, logistics, and innovation, with a significant presence in China, Korea, India, and Southeast Asia.
YTD Price Performance: 8.41%
Average Trading Volume: 16,702,664
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$107.1B
For a thorough assessment of 1876 stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com