Constellation Brands Elects Incoming CEO Bill Newlands to its Board of Directors
January 11 2019 - 8:30AM
Constellation Brands Elects Incoming CEO Bill Newlands to its
Board of Directors
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, announced today the election of Bill
Newlands, president and chief operating officer, and incoming chief
executive officer of Constellation, to serve as a member of its
board of directors, effective March 1, 2019, on which date the
size of Constellation’s board will increase from 12 to 13 members.
“Bill has a deep understanding of consumer
trends and an ability to leverage those insights to enhance our
innovation pipeline and drive incremental growth. His
extensive beverage alcohol industry experience and appreciation for
the values and principles that have made Constellation successful
for more than 70 years make him ideally suited to serve as our next
CEO and a great addition to our board of directors,” said
Constellation Brands’ Chief Executive Officer Rob Sands.
Since February 2018, Newlands has served as
president and chief operating officer, responsible for all
operating aspects of the company, leading the executive management
team, and advancing Constellation Brands’ position as the #1 total
beverage alcohol company in the industry. When Newlands
becomes president and chief executive officer on March 1,
2019, he will be responsible for providing strategic leadership and
working with the board of directors and leaders within the business
to establish long-range goals, strategies and policies.
“Constellation is well-positioned for continued
success with a strong portfolio of brands that align with consumer
trends and that provides significant runway for future growth,”
said Newlands. “It’s an exciting time for our company.
I’m honored to join the board of directors and look forward to
working together in continuing to shape the company’s future
strategies and priorities.”
Newlands joined Constellation Brands in 2015 as
executive vice president and chief growth officer. In 2016,
he assumed additional responsibilities as president of the
company’s Wine & Spirits Division. In 2017, he became the
company’s chief operating officer, and assumed the role of
president in early 2018. Prior to joining Constellation
Brands, Newlands held several senior leadership roles in the
beverage alcohol industry spanning more than 30 years.
About Constellation BrandsConstellation Brands
(NYSE: STZ and 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., and Funky Buddha Brewery. 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, Black Box, 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
www.cbrands.com.
MEDIA CONTACTS |
INVESTOR RELATIONS CONTACTS |
Mike McGrew
773-251-4934 | Amy Martin
585-678-7141 |
Patty
Yahn-Urlaub 585-678-7483 | Bob
Czudak 585-678-7170 |
|
Tom Conaway
585-678-7503 |
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/01c44196-719e-4a7f-88b1-c30bd8807380
A downloadable PDF copy of this news release enhanced with
multimedia links can be found
here: http://resource.globenewswire.com/Resource/Download/2e694ee8-8ef0-4e61-83a8-263327a4c678
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