06:43 AM EDT, 03/27/2026 (MT Newswires) -- Anheuser-Busch InBev ( BUD ) said Friday that Chairman Martin Barrington will retire from the board following the company's April 29 annual shareholders' meeting.

He has served as chairman since 2019, the company said.

Barrington is retiring in line with the company rule requiring mandatory retirement at age 70, even though he stayed on for two terms beyond the age at the board's request, the company said.

Shareholders have proposed William Gifford, Jr., a former Anheuser-Busch director and retiring chief executive of Altria ( MO ) , to succeed Barrington, the company said.