Anheuser-Busch InBev shareholders have approved Olivier Goudet as their next chairman.
Goudet, an independent board member, succeeds Kees Storm in the post. He will serve as chairman for four years.
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Goudet is the CEO of JAB Holding Co, which has stakes in businesses such as cosmetics maker Coty Inc. and Peet's Coffee & Tea Inc. He's also served as chief financial officer at Mars Inc., according to a biography on the Anheuser-Busch InBev website.
Anheuser-Busch InBev's brands include Budweiser, Bud Light, Corona and others. On Wednesday, Anheuser-Busch apologized for ad copy that appeared on bottles saying Bud Light removes the word "no" from drinkers' vocabulary. There were widespread complaints about the slogan.
Shares of Anheuser-Busch InBev NV added 33 cents to $119.99 in Thursday morning trading.