Robert Iervasi is departing as CEO of Asahi Beverages, the largest beer business in Australia.
The group bought the former CUB business in 2020 for $16 billion, giving it ownership of Victoria Bitter, Carlton Draught and Crown Lager.
Mr Iervasi expanded into adult soft drinks and coffee, acquiring StrangeLove and the Allpress coffee business.
Lockdowns and restrictions in the COVID-19 pandemic hit pubs and bars hard, where 25 per cent of beer sales are generated.
Robert Iervasi, the chief executive of Australia’s biggest beer group, Asahi Beverages, which owns brands including Victoria Bitter, Carlton Draught and Great Northern, is stepping down after four years.
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
