The Busch family will end its involvement with the once family-owned brewing giant Anheuser-Busch InBev NV with the departure of August Busch IV from the company's board next month.
As reported by The Wall Street Journal, Busch, the chief executive of Anheuser-Busch Cos. when it was acquired by InBev NV for $52 billion in 2008, is stepping down "for personal and health reasons" at the shareholders meeting April 26.
Busch couldn't be reached for comment by the Journal.
The executive, 46, was thrust into the news late last year when his girlfriend, Adrienne Martin, died of an accidental drug overdose. The St. Louis County medical examiner found the painkiller oxycodone, as well as cocaine, in her system. No charges were filed.
Industry observers thought Busch's appointment to the board was largely ceremonial. He attended one directors' meeting in 2010, according to public filings.