Molson Coors Promotes Sergey Yeskov to President and CEO of Molson Coors International
November 28 2017 - 4:05PM
Business Wire
Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) today
announced that Sergey Yeskov, currently Chief Sales & Customer
Excellence Officer, Molson Coors Canada, has been promoted to the
role of President and Chief Executive Officer, Molson Coors
International, effective January 1st 2018.
Mark Hunter, President and CEO of Molson Coors, stated, “As a
commercial leader with proven results and an innate understanding
of what is required to achieve our First Choice Ambition, Sergey is
a valuable addition to the MCBC Enterprise Leadership Team.”
Yeskov successfully led Molson Coors Croatia & Bosnia
business to sustained share and profit growth before transferring
to Molson Coors Canada, in 2016. Yeskov is succeeded as Chief Sales
& Customer Excellence Officer, Molson Coors Canada, by Andrew
Stordeur, currently VP Sales West Region, Molson Coors Canada.
About Molson Coors
With a story that starts in 1774, Molson Coors has spent
centuries defining brewing greatness. As one of the largest global
brewers, 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 North American Index for the
past seven years. To learn more about Molson Coors Brewing Company,
visit molsoncoors.com, ourbeerprint.com or on Twitter through
@MolsonCoors.
Forward Looking Statement
This press release includes “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 and other post-retirement benefit
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; and other 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.
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Molson Coors Brewing CompanyNews
MediaColin Wheeler, 303-927-2443orInvestor RelationsDave Dunnewald,
303-927-2334orKevin Kim, 303-927-2515
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