Patrick Stokes
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"Patrick T Stokes" is the former Chairman and Chief Executive Officer/CEO of Anheuser-Busch/Anheuser-Busch Companies, Inc. He served as President and CEO from 2002 to December 2006 and Chairman from December 2006 to November 2008.

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We've had a challenging year in the domestic beer business and our 2005 sales and earnings per share were disappointing. However, as we move into 2006 we are encouraged with the progress of the company's initiatives to enhance beer volume and market share growth.

We remain confident in our ability to consistently achieve annual double-digit earnings per share growth over the long-term, with a 12 percent average annualized target through 2004.

Each of our core brand families contributed to this record achievement. In particular, Bud Light continued its outstanding sales performance, delivering its eighth consecutive year of double-digit growth.

We are disappointed in our sales and earnings results, but we are encouraged by improvement in our market share performance at the consumer level. Both the company and the domestic beer industry have experienced volume declines and significant cost pressures.

Through a number of sales initiatives, we have restored our domestic beer volume growth momentum.

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