Budweiser Brewing APAC's CFO Change May Signal Parent's Revival Push -- Market Talk

Dow Jones10:28

0228 GMT - Budweiser Brewing Co. APAC's upcoming chief financial officer change signals its parent company's determination to revive its China business, DBS Group Research analysts say in a note. Its appointment of Bernardo Novick, a veteran of parent company Anheuser-Busch InBev, is the third senior management change the Chinese brewer has made this year, the analysts say, adding that the moves suggest a stronger push towards execution discipline after several years of earnings volatility. The new CFO's long tenure at AB InBev indicates continuity in financial strategy, while his multi-market experience across functions could strengthen coordination between the company's finance and commercial teams, DBS adds. DBS maintains a buy rating and HK$9.40 on Bud APAC's stock, which is 0.6% lower at HK$7.83. (megan.cheah@wsj.com)

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December 18, 2025 21:28 ET (02:28 GMT)

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