{"id":836853,"date":"2025-04-14T07:58:05","date_gmt":"2025-04-14T11:58:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/molson-coors-beverage-company-ceo-gavin-hattersley-announces-plans-to-retire-by-end-of-2025-board-launches-search-process\/"},"modified":"2025-04-14T07:58:05","modified_gmt":"2025-04-14T11:58:05","slug":"molson-coors-beverage-company-ceo-gavin-hattersley-announces-plans-to-retire-by-end-of-2025-board-launches-search-process","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/molson-coors-beverage-company-ceo-gavin-hattersley-announces-plans-to-retire-by-end-of-2025-board-launches-search-process\/","title":{"rendered":"Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; Board Launches Search Process"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; Board Launches Search Process<\/b><\/p>\n<p>GOLDEN, Colo. &amp; MONTREAL&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Molson Coors Beverage Company (\u201cMolson Coors\u201d or the \u201cCompany\u201d) (NYSE: TAP, TAP.A; TSX: TPX.A, TPX.B) <\/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 \u201cBoard\u201d) that he intends to retire from the Company and as a member of the Board, in each case, by December 31, 2025.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250414350920\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250414350920\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250414350920\/en\/2437592\/4\/Gavin_headshot_NEW.jpg\" alt=\"Gavin Hattersley\" \/><\/p>\n<p style=\"font-size:85%\">Gavin Hattersley<\/p>\n<\/div>\n<p>\nIn accordance with the Company\u2019s 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.\n<\/p>\n<p>\n\u201cGavin 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,\u201d said Board Chair Geoff Molson. \u201cOur 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.\u201d\n<\/p>\n<p>\n\u201cGavin 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\u2019s best for the business,\u201d said Board Vice-Chair David Coors. \u201cWhether it\u2019s our people or our partners, Gavin\u2019s leadership has helped everyone around our business be their best, and he\u2019s 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.\u201d\n<\/p>\n<p>\nHattersley 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.\n<\/p>\n<p>\nHe was also heavily involved in the creation of the MillerCoors U.S. joint venture in 2008, serving as the business\u2019s 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 \u2013 returning the Company to growth under his Revitalization Plan and building on that growth with his Acceleration Plan.\n<\/p>\n<p>\nIn 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.\n<\/p>\n<p>\n\u201cWe have accomplished so much over the past six years and one thing I\u2019m certain of is that none of it would have been possible without each of the 16,000 people across our business,\u201d said Hattersley in a message to Molson Coors employees. \u201cYou built the plans. You brought them to life. You pushed in the right places. You saw what others didn\u2019t. 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.\u201d\n<\/p>\n<p>\nThe Board\u2019s intention is for the next CEO to build upon the successes of Hattersley\u2019s Revitalization and Acceleration Plans, continuing to strengthen the Company\u2019s core brands, premiumize its portfolio, expand beyond beer, and invest in the Company\u2019s capabilities and people to achieve its long-term growth ambitions.\n<\/p>\n<p><b>ABOUT MOLSON COORS BEVERAGE COMPANY<\/b><\/p>\n<p>\nFor more than two centuries, Molson Coors has brewed beverages that unite people for all life&#8217;s moments. From our core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling, and O\u017eujsko to our above premium brands including Madr\u00ed Excepcional and Staropramen, Blue Moon Belgian White and Leinekugel\u2019s 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\u2019 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.\n<\/p>\n<p><b>FORWARD-LOOKING STATEMENTS<\/b><\/p>\n<p>\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the U.S. federal securities laws. Words such as \u201cexpects,\u201d \u201cintend,\u201d \u201cgoals,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201ccontinues,\u201d \u201cmay,\u201d \u201canticipate,\u201d \u201cseek,\u201d \u201cestimate,\u201d \u201coutlook,\u201d \u201ctrends,\u201d \u201cfuture benefits,\u201d \u201cpotential,\u201d \u201cprojects,\u201d \u201cstrategies,\u201d 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.\n<\/p>\n<p>\nAlthough 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\u2019s historical experience, and present projections and expectations are disclosed in the Company\u2019s filings with the Securities and Exchange Commission (\u201cSEC\u201d), 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.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250414350920r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250414350920\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250414350920\/en\/<\/a><\/span><\/p>\n<p><b>MEDIA CONTACT<\/b>:<br \/>\n<br \/>Rachel Gellman Johnson, Senior Director, Corporate Reputation<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:rachel.gellmanjohnson@molsoncoors.com\">rachel.gellmanjohnson@molsoncoors.com<\/a><\/p>\n<p><b>INVESTOR RELATIONS CONTACT<\/b>:<br \/>\n<br \/>Traci Mangini, Vice President, Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:traci.mangini@molsoncoors.com\">traci.mangini@molsoncoors.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Canada Colorado<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Food\/Beverage Wine &amp; Spirits<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250414350920\/en\/2437592\/3\/Gavin_headshot_NEW.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Gavin Hattersley<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250414350920\/en\/774872\/3\/Molson_Coors-Preferred_Logo_Color-01.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; Board Launches Search Process GOLDEN, Colo. &amp; MONTREAL&#8211;(BUSINESS WIRE)&#8211;Molson Coors Beverage Company (\u201cMolson Coors\u201d or the \u201cCompany\u201d) (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 \u201cBoard\u201d) that he intends to retire from the Company and as a member of the Board, in each case, by December 31, 2025. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250414350920\/en\/ Gavin Hattersley In accordance with the Company\u2019s established governance policies, the Board is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/molson-coors-beverage-company-ceo-gavin-hattersley-announces-plans-to-retire-by-end-of-2025-board-launches-search-process\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; Board Launches Search Process&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-836853","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; Board Launches Search Process - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/molson-coors-beverage-company-ceo-gavin-hattersley-announces-plans-to-retire-by-end-of-2025-board-launches-search-process\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; Board Launches Search Process - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; Board Launches Search Process GOLDEN, Colo. &amp; MONTREAL&#8211;(BUSINESS WIRE)&#8211;Molson Coors Beverage Company (\u201cMolson Coors\u201d or the \u201cCompany\u201d) (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 \u201cBoard\u201d) that he intends to retire from the Company and as a member of the Board, in each case, by December 31, 2025. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250414350920\/en\/ Gavin Hattersley In accordance with the Company\u2019s established governance policies, the Board is &hellip; Continue reading &quot;Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; Board Launches Search Process&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/molson-coors-beverage-company-ceo-gavin-hattersley-announces-plans-to-retire-by-end-of-2025-board-launches-search-process\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-14T11:58:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20250414350920\/en\/2437592\/4\/Gavin_headshot_NEW.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/molson-coors-beverage-company-ceo-gavin-hattersley-announces-plans-to-retire-by-end-of-2025-board-launches-search-process\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/molson-coors-beverage-company-ceo-gavin-hattersley-announces-plans-to-retire-by-end-of-2025-board-launches-search-process\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250414350920\/en\/ Gavin Hattersley In accordance with the Company\u2019s established governance policies, the Board is &hellip; Continue reading \"Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; Board Launches Search Process\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/molson-coors-beverage-company-ceo-gavin-hattersley-announces-plans-to-retire-by-end-of-2025-board-launches-search-process\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-14T11:58:05+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20250414350920\/en\/2437592\/4\/Gavin_headshot_NEW.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/molson-coors-beverage-company-ceo-gavin-hattersley-announces-plans-to-retire-by-end-of-2025-board-launches-search-process\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/molson-coors-beverage-company-ceo-gavin-hattersley-announces-plans-to-retire-by-end-of-2025-board-launches-search-process\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; 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