Constellation Brands Announces Executive Appointments in Beer and Wine & Spirits Divisions
January 25 2016 - 4:15PM
Paul Hetterich and
Bill Newlands taking on expanded leadership roles
VICTOR, N.Y., Jan. 25, 2016 -
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, announced today several executive
appointments across the organization to further bolster its
business and support the company's long-term growth strategies.
"These appointments illustrate the strength of
leadership and the depth of talent at Constellation Brands," said
Rob Sands, president and chief executive officer, Constellation
Brands. "As we tap the next generation of Constellation leaders, we
are strengthening our organization by making changes that allow for
continued growth and development of our leaders, while ensuring
continuity that sustains and builds upon our dynamic growth. This
is an exciting time for our company and our people as we build for
our future."
Bill Hackett, who has been with Constellation
Brands since 1984 and currently serves as president of Beer, has
been named to the newly created role of chairman of Beer. Hackett
will continue to report to Rob Sands and remain a member of the
Executive Management Committee. In his new role as chairman,
Hackett will continue to provide guidance and insights on business
strategies and long-term vision for the beer business.
Paul Hetterich has been named president of Beer
reporting to Rob Sands. Hetterich has been with the company since
1986, and most recently served as executive vice president,
Corporate Development and Beer Operations. In addition to his
current responsibilities for beer operations, Hetterich will now
have oversight for the commercial functions of the beer business as
well.
Bruce Jacobson has been promoted to chief
commercial officer, Beer and will assume additional responsibility
for commercial operations reporting to Paul Hetterich. Jacobson has
led the Beer Division sales team since 2004.
"I am incredibly proud of what our Beer business has achieved, but
I'm even more excited about the future of our business," said Bill
Hackett, chairman of Constellation Brands' Beer Division. "Over the
years, we've built a strong team with a focus on developing the
next generation of leaders. These promotions are a continuation of
that process. This is the right time to make these
changes. Our beer business is performing well and we have
great momentum in the marketplace. I look forward to the
continued success of our Beer Division."
Bill Newlands has been named president of the Wine
& Spirits Division and will continue to report to Rob Sands.
Bill will also retain responsibility for the Growth Organization
which provides insights and innovation activities across the
company. Ben Dollard, who was most recently president of
Constellation's Canadian Business, has been named chief growth
officer and will have responsibility across both the Beer and Wine
& Spirits Divisions for driving the growth agenda. Dollard has
been with Constellation since 2001 and has strong brand building,
sales, marketing, and production experience. Dollard will report to
Newlands and also have reporting responsibility to Hetterich.
Jay Wright, currently president of Wine and
Spirits, was named president of Constellation's Canadian Business
and will continue to report to Rob Sand. Wright's strong
relationships and deep knowledge and understanding of the Canadian
marketplace will help drive the continued growth of the Canadian
business.
All executive appointments are effective Jan. 26, 2016.
About Constellation
Brands
Constellation Brands (NYSE: STZ and STZ.B) is a leading
international producer and marketer of beer, wine and spirits with
operations in the U.S., Canada, Mexico, New Zealand and Italy. In
2015, Constellation was one of the top performing stocks in the
S&P 500 Consumer Staples Index. Constellation is the number
three beer company in the U.S. with high-end, iconic imported
brands including Corona Extra, Corona Light, Modelo Especial, Negra
Modelo and Pacifico. Constellation is also the world's 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 Jackson-Triggs. The company's
premium spirits brands include SVEDKA Vodka, Casa Noble Tequila and
Black Velvet Canadian Whisky.
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, sales in approximately 100
countries, about 40 facilities and more than 8,300 talented
employees. We express our company vision: to
elevate life with every glass raised. To learn more, visit
www.cbrands.com.
CONTACTS:
Media
Cheryl Gossin: 585-678-7191
Mike McGrew (Beer): 312-873-9317
Alicia Laury (U.S. W&S): 415-912-3851
Michelle Saba (Canada): 905-564-6906 x5771
Investor Relations
Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170
Bruce Jacobson_CCO, Beer
Paul Hetterich_President, Beer
Bill Newlands_President, W+S
Jay Wright_President, Canadian Business
Ben Dollard_CGO
CBI Logo Full-Color Horizontal JPG
Bill Hackett_Chairman, Beer
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Constellation Brands Inc via Globenewswire
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