Bill Newlands Named Constellation Brands President and COO; Rob Sands Remains CEO
February 14 2018 - 8:30AM
Constellation Brands, Inc. (NYSE:STZ) (NYSE:STZ.B), a leading
beverage alcohol company, today announced that Bill Newlands has
been promoted to president and chief operating officer (COO). Rob
Sands, who previously held the title of president and chief
executive officer (CEO), will continue to serve as the company’s
CEO.
“Bill is a dynamic leader who has demonstrated an ability to
advance our strategic priorities and strengthen our innovation
capabilities in ways that further bolster our position as a leading
total beverage alcohol company,” said Sands. “I look forward to
working with Bill to ensure our company continues to deliver
long-term, sustainable growth that outpaces the market and
competition.”
In his expanded role, Newlands will have oversight and
accountability for all operating aspects of the company and
ultimately advancing Constellation Brands’ position as an industry
leader.
“Constellation Brands’ success story is over 70 years in the
making and I believe the best is yet to come,” said Newlands. “I’m
honored to work with our Executive Chairman Richard Sands, CEO Rob
Sands and our executive team to continue building on our success as
we move forward.”
Newlands has more than 30 years of experience in
the beverage alcohol industry. He joined Constellation Brands in
2015 as EVP, chief growth officer. In 2016, his role expanded to
include leadership of the company’s Wine & Spirits Division,
and in 2017 he became the company’s COO. Newlands previously served
as president, North America at Beam, Inc. Under his leadership,
Beam became one of the fastest-growing companies in its
category.
Previous appointments include president, Beam
Spirits U.S. (2008-2010); president, Beam Wine Estates (2005-2007);
president and CEO, Allied Domecq Wines USA (2002-2005); CEO and
board director, wine.com (1999-2001); managing director, U.S. and
global marketing officer, LVMH Chandon Estates (1996-1999).
About Constellation
BrandsConstellation Brands (NYSE:STZ) (NYSE:STZ.B), a
Fortune 500® company, is a leading international producer and
marketer of beer, wine and spirits with operations in the U.S.,
Mexico, New Zealand, Italy and Canada. Constellation is the No. 3
beer company in the U.S. with high-end, iconic imported brands such
as Corona Extra, Corona Light, Modelo Especial, Modelo Negra and
Pacifico. The company’s beer portfolio also includes Ballast Point,
one of the most awarded craft brewers in the U.S. In addition,
Constellation is the world leader in premium wine, selling great
brands that people love, including Robert Mondavi, Clos du Bois,
Kim Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino and The
Prisoner. The company’s premium spirits brands include SVEDKA
Vodka, Casa Noble Tequila and High West Whiskey.
Based in Victor, N.Y., the company believes that
industry leadership involves a commitment to brand building, our
trade partners, the environment, our investors and to consumers
around the world who choose our products when celebrating big
moments or enjoying quiet ones. Founded in 1945, Constellation has
grown to become a significant player in the beverage alcohol
industry with more than 100 brands in its portfolio; about 40
wineries, breweries and distilleries; and approximately 10,000
talented employees. We express our company vision: to
elevate life with every glass raised.To learn more, follow us on
Twitter @cbrands and visit cbrands.com.
CONTACTSMedia
Mike McGrew:
773-251-4934
Amy Martin:
585-678-7141
Investor RelationsPatty Yahn-Urlaub:
585-678-7483Bob Czudak: 585-678-7170
Photos accompanying this announcement are available at
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A PDF accompanying this announcement is available
athttp://resource.globenewswire.com/Resource/Download/2ded86b0-6432-4914-a1b9-143f295e40ad
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