BOSTON, Oct. 7, 2020 /PRNewswire/ -- The Boston Beer
Company, Inc. (NYSE: SAM) announced today that Michael M. Lynton and Samuel A. Calagione, III have been appointed to
their Board of Directors, effective October
Mr. Lynton, 60, is Chairman of Snap Inc., a social media and
camera technology company based in Santa
Monica, California. He has held the position since
September 2016 and has served on the
Snap Board of Directors since April
2013. He currently serves as a member of the Snap Board of
Directors Audit, Compensation, and Nominating and Corporate
Governance Committees. Previously, he served as CEO or co-CEO of
Sony Entertainment Inc. from April
2012 until February 2017,
overseeing Sony's global entertainment businesses. He also served
as Chairman and CEO of Sony Pictures Entertainment Inc. from
January 2004 to May 2017, where he managed the studio's overall
global operations, and as CEO of Sony Corporation of America from
March 2012 to August 2017. Prior to joining Sony, he worked for
Time Warner from 2000 to 2004, during which time he served as CEO
of AOL Europe, President of AOL International, and President of
Time Warner International. From 1996 to 2000, Mr. Lynton served as
Chairman and CEO of Penguin Group, a publishing company based in
New York, NY, and a division of
Pearson plc. From 1992 to 1996, he served as President of Disney's
Hollywood Pictures, a division of The Walt Disney Company. Mr.
Lynton had joined The Walt Disney Company in 1987 and started
He has served as a member of the Board of Directors of Ares
Management, L.P., a publicly-traded alternative asset management
company based in Los Angeles, CA,
since 2014. Mr. Lynton also served on the Board of Pearson plc from
February 2018 to September 2020, where he was a member of the
Audit and Reputation & Responsibility Committees. He has also
served as Chairman of Warner Music Group Corp., a privately-held
global entertainment company based in Los
Angeles, CA, since February
2019. He served as a member of the Board of Directors of
Pandora Media, Inc. a streaming music company based in Oakland, CA, from August 2017 until February
2019. Pandora is a subsidiary of SiriusXM.
Mr. Calagione, 51, is Founder and Brewer of Dogfish Head Brewery
with overall responsibility for managing the Dogfish Head brand and
providing insight into all of Boston Beer's other brands as a
member of the Company's leadership team. He founded Dogfish Head
with his wife Mariah Calagione in
June 1995 and served as CEO until the
merger with Boston Beer in July 2019.
His innovative style has earned him a James
Beard Award for Outstanding Wine, Spirits, or Beer
Professional and a reputation as one of the country's most
adventurous brewers; he has been featured in The Wall Street
Journal, USA Today, People,
Forbes, Bon Appetit, and many other magazines and newspapers. He is
also the author of two books: Brewing Up a Business (2011) and
Off-Centered Leadership (2016).
During his twenty-five years at the helm of Dogfish Head, he has
grown the company from a small brewpub in Rehoboth, Delaware to an award-winning
nationally-recognized brand and destination. Mr. Calagione's skills
in brewing, innovation, marketing, consumer engagement, media
relations, management, distributor relations, and entrepreneurship
are an invaluable asset to Boston Beer's leadership team.
Jim Koch, Founder and Chairman of
the Company, said, "I am thrilled that Michael is joining our
talented Board, and I look forward to benefiting from his extensive
experience in innovation and management which spans over thirty
years. I'm equally as excited for Sam to officially join the Board.
He has already contributed brewing innovation and knowledge to the
Company for the past year, and now we can bring that energy and
experience into the boardroom."
Both Mr. Lynton and Mr. Calagione will serve as Class B
"I've always been captivated by The Boston Beer Company and its
ability to lead, innovate, and grow in an industry that is
constantly challenged by increased competition and market changes,"
Mr. Lynton said. "I'm looking forward to joining the Board at this
exciting time in the Company's growth."
"I look forward to working with the talented members of our
Board to help the company continue to compete and grow," Mr.
Calagione said. "Through the Board's leadership, we hope to
maintain our position as a leader in craft beer and beyond with our
strong portfolio, forward-looking vision, and innovation."
Boardspan Inc., a leading provider of board and governance
expertise through cloud-based and traditional advisory services,
advised Boston Beer on the appointment of Mr. Lynton.
About the Company
The Boston Beer Company, Inc. (NYSE: SAM) began in 1984 brewing
Samuel Adams beer, which is
currently recognized as one of the largest and most respected craft
beer brands. Our portfolio of brands also includes Truly Hard
Seltzer, Dogfish Head, Angry Orchard Hard Cider, Twisted Tea, Angel
City Brewery, and Coney Island Brewing. For more information,
please visit our investor relations website at www.bostonbeer.com,
which includes links to all of our respective brand websites.
SOURCE The Boston Beer Company, Inc.