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CNSNews
CNSNews.com
14 Apr 2023


NextImg:Anheuser-Busch CEO Issues Oblique Statement after Company Loses $5 Billion Following Transgender-Can Stunt

On Friday, Anheuser-Busch CEO Brendan Whitworth issued a vague statement, two days after it was reported that the beer company had lost more than $5 billion since a stunt that revealed its branding partnership with transgender “influencer” Dylan Mulvaney.

“We never intended to be part of a discussion that divides people. We are in the business of bringing people together over a beer,” Whitworth says in the statement, which does not specifically cite the controversy, which erupted two weeks earlier on April 1, and does not name Mulvaney.

The statement expresses support for “military, first responders, sports fans and hard-working Americans everywhere” and “the values upon which America was founded.”

As the CEO of a company founded in America’s heartland more than 165 years ago, I am responsible for ensuring every consumer feels proud of the beer we brew.

As The New York Post reported on Wednesday, the company has lost billions, since boycotts were sparked by a video and pictures of Mulvaney, a biologically-male, transgender “woman,” showing off cans of Bud Light with his face on them:

“Since March 31, shares of Bud Light’s parent company have fallen by nearly 4% — knocking down the company’s market capitalization from $132.38 billion to $127.13 billion on Wednesday.”

Whitworth’s full statement is presented below:

“We’re honored to be part of the fabric of this country. Anheuser-Busch employs more than 18,000 people and our independent distributors employ an additional 47,000 valued colleagues. We have thousands of partners, millions of fans and a proud history supporting our communities, military, first responders, sports fans and hard-working Americans everywhere.

“We never intended to be part of a discussion that divides people. We are in the business of bringing people together over a beer.

“My time serving this country taught me the importance of accountability and the values upon which America was founded: freedom, hard work and respect for one another. As CEO of Anheuser-Busch, I am focused on building and protecting our remarkable history and heritage.

“I care deeply about this country, this company, our brands and our partners. I spend much of my time traveling across America, listening to and learning from our customers, distributors and others.

“Moving forward, I will continue to work tirelessly to bring great beers to consumers across our nation. 

“Brendan Whitworth

“CEO, Anheuser-Busch”