Tracey Joubert Appointed Molson Coors New Chief Financial Officer
November 17 2016 - 5:20PM
Business Wire
Molson Coors Brewing Company (NYSE: TAP; TSX: TPX), today
announced that Tracey Joubert, current Chief Financial Officer of
the Company’s US business, has been appointed as Molson Coors’ new
Chief Financial Officer, effective immediately.
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Tracey Joubert (Photo: Business Wire)
President and Chief Executive Officer of Molson Coors, Mark
Hunter, stated, “We are very excited to have Tracey join our
executive leadership team as our new CFO. I have had the privilege
of working closely with Tracey for several years and am confident
she is very knowledgeable about the Molson Coors organization, our
commercial strategy and where we are heading as a bigger, better
business. We are also fortunate that she is well known to our
investor community as a highly qualified and respected financial
leader who has overseen the successful growth of our US business.
We fully expect this to be a seamless transition as we continue to
accelerate our First Choice agenda and deliver long term
shareholder value.”
Joubert offered, “I am very excited to lead the finance function
at Molson Coors. I am very familiar with the company and very
supportive of its plans. With the full acquisition of MillerCoors,
it’s a critical point in the bigger and stronger Molson Coors and I
am ready to bring the financial discipline and leadership necessary
to deliver the growth our employees and shareholders expect.”
Joubert has served as Executive Vice President and Chief
Financial Officer for MillerCoors since 2012. Previously, she was
Vice President of finance, planning & analysis and controller
for MillerCoors and before that as Director of finance and group
services at Miller Brewing Company. She came to Miller from SAB
Limited in Johannesburg, South Africa, where she served as
financial manager, technical accounting, and was later promoted to
financial manager, finance services. Prior to joining SAB Limited,
she was financial manager at Barloworld, Ltd. and articled at KPMG
South Africa. Joubert holds bachelor’s degrees in commerce and
accounting from the University of Witwatersrand in South Africa.
She also serves on the Board of Directors of the Terrapin Beer
Company and Coors Distributing Company.
Mauricio Restrepo has resigned from his position as Chief
Financial Officer of Molson Coors Brewing Company, effective
immediately. Mr. Restrepo resigned because of matters regarding
personal conduct unrelated to the operations or financial
statements of the Company.
Overview of Molson Coors
With a story that starts in 1774, Molson Coors has spent
centuries defining brewing greatness. As the third largest global
brewer, Molson Coors works to deliver extraordinary brands that
delight the world’s beer drinkers. From Coors Light, Miller Lite,
Carling, Staropramen and Sharp’s Doom Bar to Leinenkugel’s Summer
Shandy, Blue Moon Belgian White, Pilsner Urquell, Creemore Springs
Premium Lager and Smith & Forge Hard Cider, Molson Coors offers
a beer for every beer lover.
Molson Coors operates through Molson Coors Canada, MillerCoors,
Molson Coors Europe and Molson Coors International. The company is
not only committed to brewing extraordinary beers, but also running
a business focused on respect for its employees, communities and
drinkers, which means corporate responsibility and accountability
right from the start. It has been listed on the Dow Jones
Sustainability World Index for the past five years. To learn more
about Molson Coors Brewing Company, visit molsoncoors.com,
ourbeerprint.com or on Twitter through @MolsonCoors.
Forward-Looking
Statements
This press release includes statements that constitute
“forward-looking statements” within the meaning of the U.S. federal
securities laws. Generally, the words “believe,” "expect,”
"intend,” "anticipate,” “project,” “will,” and similar expressions
identify forward-looking statements, which generally are not
historic in nature. 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”). These factors include, among others, our
ability to successfully integrate the acquisition of MillerCoors;
our ability to achieve expected tax benefits, accretion and cost
savings and synergies; impact of increased competition resulting
from further consolidation of brewers, competitive pricing and
product pressures; health of the beer industry and our brands in
our markets; economic conditions in our markets; additional
impairment charges; our ability to maintain
manufacturer/distribution agreements; changes in our supply chain
system; availability or increase in the cost of packaging
materials; success of our joint ventures; risks relating to
operations in developing and emerging markets; changes in legal and
regulatory requirements, including the regulation of distribution
systems; fluctuations in foreign currency exchange rates; increase
in the cost of commodities used in the business; the impact of
climate change and the availability and quality of water; loss or
closure of a major brewery or other key facility; our ability to
implement our strategic initiatives, including executing and
realizing cost savings; our ability to successfully integrate newly
acquired businesses; pension plan costs; failure to comply with
debt covenants or deterioration in our credit rating; our ability
to maintain good labor relations; our ability to maintain brand
image, reputation and product quality; lack of full-control over
the operations of MillerCoors and other risks discussed in our
filings with the SEC, including our most recent Annual Report on
Form 10-K. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161117006353/en/
Molson CoorsNews MediaColin Wheeler,
303-927-2443orInvestor RelationsDave Dunnewald,
303-927-2334
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