Brazilian beer baron billionairesSt. Louis Business Journal
JUSTIÇA DE SÃO PAULO DETERMINA QUE O MUNICIPIO AUTORIZE A EXPEDIÇÃO DE NOTAS FISCAIS ELETRÔNICAS.
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18 de abril de 2024Friday, July 18, 2008 | Modified: Tuesday, July 22, 2008
On the afternoon of June 2, in a Tampa, Fla., hotel, August Busch IV met with Jorge Paulo Lemann and Marcel Herrmann Telles. Lemann and Telles were there on behalf of Belgian brewing giant InBev to make Busch aware of InBev\’s intent to acquire Anheuser-Busch Cos. Inc.
While Carlos Brito is broadly known as the face of InBev, few are aware of the powerful men calling the shots for Brito. Behind the scenes at InBev, the company\’s machinations are orchestrated largely by three billionaires from Brazil — Lemann, Telles and Carlos Alberto da Veiga Sicupira — who are directors of InBev.
In December 2005, shortly after the merger of Brazil-based Ambev and Belgium-based Interbrew, the contract of InBev\’s Chief Executive Officer John Brock was not renewed, and Brito was promoted to take his place. It is widely understood that Brito\’s appointment was engineered by Lemann, who is one of Brazil\’s wealthiest men. In fact, all of Brito\’s actions at InBev are thought to be mainly based on the influence of Lemann, one of the company\’s top shareholders.
Combined, Lemann, Telles and Sicupira are believed to control about 25 percent of InBev stock. The three also control Lojas Americanas, a retailer (frequently referred to as \”the Wal-mart of Brazil\”) whose stock price soared 67 percent in 2006. Last year, the retailer bought all of the Blockbuster movie rental stores in Brazil.
Lemann, Telles and Sicupira reside mainly in Sao Paulo, Brazil. Each made Forbes magazine\’s 2008 ranking of the world\’s wealthiest people — Lemann at No. 172, worth an estimated $5.8 billion; Telles at No. 462, worth an estimated $2.5 billion; and Sicupira at No. 524, worth an estimated $2.3 billion.
Lemann, 69, was born in Brazil in 1939 and graduated from Harvard University in 1961. He founded and was senior partner of Banco de Investimentos Garantia S.A. in Brazil from 1971 to June 1998, when it was sold to Credit Suisse First Boston for $675 million.
Until early 2005, he was a director of The Gillette Co. in Boston and Swiss Re in Zurich, Switzerland; chairman of the Latin American Advisory Committee of the New York Stock Exchange; and director of Lojas Americanas. He resigned from these boards to concentrate on his beer investments at InBev.
In 2004, Lemann aligned his AmBev beer interests with those of Interbrew to help create InBev. He is also a board member of Fundação Estudar, a scholarship provider for Brazilians, and a member of the Harvard Business School\’s Board of Dean\’s Advisors.
As a young tennis player, Lemann played in the Davis Cup and once played at Wimbledon.
Telles, 58, has a degree in economics from the Federal University of Rio de Janeiro and attended the Owner/President Management Program at Harvard Business School.
He worked at Lemann\’s Banco Garantia for 17 years and was co-president of Brahma/Ambev for 15 years. He has been a member of the board of directors of AmBev since 2000.
Telles reportedly enjoys spearfishing and spending time in Morocco, according to Forbes.
Sicupira, 60, has a degree in business administration from the Federal University of Rio de Janeiro and a degree from the Harvard Business School.
He has been chairman of Lojas Americanas since 1981, where he served as chief executive until 1992. He has been a board member of AmBev since 1990, a board member of Brazilian beer-maker Quilmes since 2002, and a member of Harvard Business School\’s Board of Dean\’s Advisors since 1998.
