Carlos Brito

Anjali Sundaram | CNBC

Budweiser maker Anheuser-Busch InBev has began a process to replace Chief Executive Carlos Brito, the Financial Times reported on Monday.

The world’s biggest brewer is considering external candidates to replace Brito, who has been its CEO for 16 years and has overseen a string of mergers that transformed two Brazilian and Belgium drink-makers into a global giant, the FT reported, citing people with knowledge of the matter.

AB InBev declined to comment on the FT report, which also said that the company is currently considering only one internal candidate, Michel Doukeris, who heads its North America-based Anheuser-Busch business.

Brito is involved with the board in the process and plans to step down at some point next year, the FT said, citing one person. It is also possible that Brito remains in charge for longer if a replacement is not found, it said, added that

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