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CHICAGO The fifth generation of the Busch family will assume the helm of Anheuser-Busch as the board of directors Wednesday named August Busch IV, 42, president and CEO, effective Dec. 1.
He will succeed Patrick Stokes, 64, who will become chairman of the No. 1 brewer and theme park company after August Busch III retires on Nov. 30. The beer patriarch will continue to serve on the company’s board.
“Anheuser-Busch is ready for the next generation of leadership,” the 68-year-old current chairman said in a statement.
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