Molson Coors Beverage Company (“Molson Coors” or the
“Company”) (NYSE: TAP, TAP.A; TSX: TPX.A, TPX.B) today
announced that after 28 years in the beer industry, including over
six years as President and CEO of Molson Coors Beverage Company,
Gavin Hattersley has informed the Company and the Board of
Directors (the “Board”) that he intends to retire from the Company
and as a member of the Board, in each case, by December 31,
2025.
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the full release here:
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Gavin Hattersley
In accordance with the Company’s established governance
policies, the Board is launching a search led by the Governance
Committee to identify and appoint the next CEO. The Committee will
benefit from its existing CEO-succession process and will consider
internal and external candidates. A nationally recognized search
firm will assist the Committee through the process.
“Gavin has been a steady hand at the wheel as CEO, navigating
through incredible challenges that no one could ever have predicted
while guiding our Company to growth, strengthening our foundation,
and setting us up for an even brighter future to come,” said Board
Chair Geoff Molson. “Our business today stands on the shoulders of
the many generations of the Molson and Coors families who have come
before us. Gavin has lived up to their rich legacy, and he will
retire having left an indelible mark on our business and the global
beer industry. We are incredibly appreciative of his
leadership.”
“Gavin has always been a leader you can count on to operate with
integrity, share his views openly and honestly, bring teams
together, and do what’s best for the business,” said Board
Vice-Chair David Coors. “Whether it’s our people or our partners,
Gavin’s leadership has helped everyone around our business be their
best, and he’s put our Company on a path to an even brighter
future. I want to thank Gavin for his many years of service, his
leadership and his passion for our collective success.”
Hattersley will retire having built a reputation as a leader
with high integrity and will leave a legacy of leading with a
steady hand during times of external challenge and change. Having
entered the beer industry with South African Breweries (SAB) in
1997, Hattersley served in leadership roles at SABMiller,
MillerCoors and Molson Coors. When SAB acquired Miller in 2002, he
was the first South African to move into the U.S. business, and he
has been one of the key leaders who helped grow the business. Since
then, the Company has grown both its top and bottom line
substantially, reaching annual net sales revenue of $11.6 billion
and underlying income before income taxes of $1.6 billion in
2024.
He was also heavily involved in the creation of the MillerCoors
U.S. joint venture in 2008, serving as the business’s first CFO and
later its CEO. Hattersley became CEO of Molson Coors in September
2019 and has led the Company to its strongest position since it was
formed – returning the Company to growth under his Revitalization
Plan and building on that growth with his Acceleration Plan.
In those six years, Molson Coors has delivered its two highest
years of annual net sales revenue and its two highest years of
underlying income before income taxes. The Company has reduced its
net debt by nearly 40% since the end of 2019 and improved the
balance sheet to its strongest position since the MillerCoors
acquisition in 2016. It has premiumized its global portfolio and
begun its transformation into a total beverage company. Hattersley
also forged multiple partnerships in beer, including a joint
venture with D.G. Yuengling and Sons, and beyond beer, including a
relationship with The Coca-Cola Company and the commercialization
rights to Fever-Tree in the U.S. Yet, he will contend that he is
most proud of the amazing team he has helped create and the careers
he has helped develop.
“We have accomplished so much over the past six years and one
thing I’m certain of is that none of it would have been possible
without each of the 16,000 people across our business,” said
Hattersley in a message to Molson Coors employees. “You built the
plans. You brought them to life. You pushed in the right places.
You saw what others didn’t. You were willing to take smart risks,
to live up to the rich history of our brands while building for an
even brighter future. Whether you are on the Leadership Team or are
just getting started in your career here, whether you work in the
field, in our offices or in a brewery, whether you are in our
largest market or our smallest, you are responsible for our success
and you are leading Molson Coors to a brighter future.”
The Board’s intention is for the next CEO to build upon the
successes of Hattersley’s Revitalization and Acceleration Plans,
continuing to strengthen the Company’s core brands, premiumize its
portfolio, expand beyond beer, and invest in the Company’s
capabilities and people to achieve its long-term growth
ambitions.
ABOUT MOLSON COORS BEVERAGE COMPANY
For more than two centuries, Molson Coors has brewed beverages
that unite people for all life's moments. From our core power
brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian,
Carling, and Ožujsko to our above premium brands including Madrí
Excepcional and Staropramen, Blue Moon Belgian White and
Leinekugel’s Summer Shandy, to our economy and value brands like
Miller High Life and Keystone Light, Molson Coors produces some of
the most beloved and iconic brands. While Molson Coors’ history is
rooted in beer, it offers a modern portfolio that expands beyond
the beer aisle as well, including flavored beverages like Vizzy
Hard Seltzer, spirits like Five Trail whiskey and non-alcoholic
beverages. Molson Coors also has partner brands, such as Simply
Spiked, ZOA Energy, among others, through license, distribution,
partnership and joint venture agreements. As a business, our
ambition is to be the first choice for our people, our consumers
and our customers, and our success depends on our ability to make
our products available to meet a wide range of consumer segments
and occasions. To learn more about Molson Coors Beverage Company,
visit molsoncoors.com.
FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” within
the meaning of the U.S. federal securities laws. Words such as
“expects,” “intend,” “goals,” “plans,” “believes,” “continues,”
“may,” “anticipate,” “seek,” “estimate,” “outlook,” “trends,”
“future benefits,” “potential,” “projects,” “strategies,” and
variations of such words and similar expressions are intended to
identify forward-looking statements. From time to time, the Company
may also provide oral or written forward-looking statements in
other materials the Company releases to the public. Such
forward-looking statements are subject to the safe harbor created
by the Private Securities Litigation Reform Act of 1995. Statements
that refer to projections of our future financial performance, our
anticipated growth and trends in our businesses, and other
characterizations of future events or circumstances are
forward-looking statements, and include, but are not limited to,
statements by each of the Board Chair and the Board Vice-Chair and
the contributions of the new CEO. In addition, statements that the
Company makes in this press release that are not statements of
historical fact may also be forward-looking statements.
Although the Company believes that the assumptions upon which
its forward-looking statements are based are reasonable, it can
give no assurance that these assumptions will prove to be correct.
Important factors that could cause actual results to differ
materially from the Company’s historical experience, and present
projections and expectations are disclosed in the Company’s filings
with the Securities and Exchange Commission (“SEC”), including the
risks discussed in our filings with the SEC, including our most
recent Annual Report on Form 10-K and our Quarterly Reports on Form
10-Q. All forward-looking statements in this press release are
expressly qualified by such cautionary statements and by reference
to the underlying assumptions. You should not place undue reliance
on forward-looking statements, which speak only as of the date they
are made. We do not undertake to update forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250414350920/en/
MEDIA CONTACT: Rachel Gellman Johnson, Senior Director,
Corporate Reputation rachel.gellmanjohnson@molsoncoors.com
INVESTOR RELATIONS CONTACT: Traci Mangini, Vice
President, Investor Relations traci.mangini@molsoncoors.com
Molson Coors Canada (TSX:TPX.A)
과거 데이터 주식 차트
부터 3월(3) 2025 으로 4월(4) 2025
Molson Coors Canada (TSX:TPX.A)
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부터 4월(4) 2024 으로 4월(4) 2025
