Mr. Busch is chairman of the board of Anheuser-Busch Companies, Inc., a brewing, packaging and family entertainment holding company, St. Louis, Missouri, and has served in this capacity since 1977. Mr. Busch also served as chief executive officer of Anheuser-Busch Companies, Inc. from 1975 until June 2002. Mr. Busch has been a director of AT&T Inc. since October 1983. He served as a director of Southwestern Bell Telephone Company from 1980 to 1983. He is the chairman of the Corporate Governance and Nominating Committee and a member of the Corporate Development Committee and the Executive Committee. Mr. Busch is a director of Anheuser-Busch Companies, Inc. and Emerson Electric Co. and an advisory member of the Board of Directors of Grupo Modelo, S.A. de C.V.