By Brazil Stock Guide – Ambev (ABEV3) approved a broad simplification of its statutory executive structure, eliminating and redesigning formal vice-presidential roles while reporting broadly stable profit in the first quarter of 2026.
The changes follow a bylaw reform approved on April 30, which reduced layers within the company’s statutory board and reorganized senior executive responsibilities.
The eliminated statutory roles include commercial, beyond beer, marketing, people and management, supply chain and sales positions, reflecting a shift toward a leaner formal governance structure.
The move should not be read necessarily as a wave of dismissals. The company’s filings indicate the elimination or redesign of statutory positions, not a confirmed departure of all executives from the company.
As part of the new structure, commercial responsibilities were consolidated under a revised Vice-President Commercial role, replacing the previous Vice-President Sales position.
The overhaul preserves continuity at the top. Chief Executive Officer Carlos Eduardo Klutzenschell Lisboa remains in place, maintaining strategic direction while the company simplifies the leadership framework beneath him.
The new executive board structure takes effect immediately, with a unified mandate running through December 2027.
The governance changes came alongside first-quarter results showing adjusted net profit of R$3.8 billion, up just 0.3% from a year earlier, as stronger operating performance was offset by higher financial expenses.
Adjusted EBITDA rose 10.1% organically to R$7.6 billion, with margin expanding 60 basis points to 33.6%. Operating cash flow jumped 162.5% to R$3.2 billion, the company’s strongest first-quarter cash generation in a decade.
Ambev also confirmed shareholder remuneration, approving the payment of interest on equity of R$0.0642 per share in July and an additional distribution of R$0.0370 per share, reinforcing its capital discipline even as it trims formal management layers.