Constellation Brands Names Garth Hankinson Executive Vice President and Chief Financial Officer
December 09 2019 - 6:32AM
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, announced today that Garth Hankinson
has been promoted to Executive Vice President and Chief Financial
Officer (CFO), effective January 13, 2020. Hankinson succeeds
David Klein, who will leave his role with Constellation Brands
on January 13 to become Chief Executive Officer at Canopy
Growth, which is anticipated to be effective January 14. In
his new role, Hankinson will be responsible for overseeing all
aspects of the company’s finance operations, including financial
planning and analysis, treasury, investor relations, information
technology, as well as corporate development activities. He will
also serve as a member of Constellation’s Executive Management
Committee.
“David Klein is a first-rate leader and
developer of talent who has made significant contributions to our
company’s success,” said Bill Newlands, President and Chief
Executive Officer. “This is a great career opportunity for David
and a great choice by Canopy Growth. As a major shareholder we
fully support this decision and look forward to seeing David and
the Canopy team drive the company forward.”
“At the same time, we’re excited to promote
Garth Hankinson to serve as our new CFO,” Newlands continued.
“Garth has worked very closely with David as part of our finance
leadership team for many years. He has a solid understanding of our
company financials, strong strategic orientation and
decision-making capabilities, and extensive industry knowledge that
will benefit our company as we look to continue driving
industry-leading growth and shareholder value.”
Hankinson joined Constellation Brands in 2001 and
has served in a number of progressive senior leadership roles with
increased responsibilities since that time. In his most current
role, he serves as Senior Vice President, Corporate Development,
where he leads the company’s efforts related to financial planning,
reporting and analysis, as well as the company’s efforts related to
mergers, acquisitions, ventures investments, and strategic
alliances. Hankinson has worked with teams across the company over
the years, developing an in-depth understanding of beer, wine and
spirits operations, tax, treasury, and other relevant business and
finance activities. Prior to joining Constellation Brands,
Hankinson served in a number of roles spanning more than eight
years in strategy and finance at Xerox and Citi.
“I’ve had an opportunity to work with a number of
great leaders in my 18 years at Constellation and David is among
the very best,” said Hankinson. “I look forward to carrying the
financial baton moving ahead and working with the rest of our
executive management committee to accelerate our performance in the
years to come,” said Hankinson.
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, and Italy.
Constellation is the No. 3 beer company in the U.S. with high-end,
iconic imported brands such as the Corona and Modelo brand families
and Pacifico. Its high-quality, wine and spirits brands include the
Robert Mondavi and The Prisoner Wine Company brand families, Kim
Crawford, Ruffino, Meiomi, and SVEDKA Vodka. The company’s
portfolio also includes a collection of highly-rated wine brands
such as SIMI and Mount Veeder Winery, spirits brands High West
Whiskey and Casa Noble Tequila, as well as new wine innovations
such as Cooper & Thief, 7 Moons, and Crafters Union.
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. Since its founding in 1945, Constellation’s
ability to see, meet and stay ahead of shifting consumer
preferences and trends across total beverage alcohol has fueled our
success and made us one of the top growth contributors in beverage
alcohol in the U.S.
To learn more, follow us on Twitter @cbrands and visit
www.cbrands.com.
MEDIA CONTACTS |
|
INVESTOR RELATIONS CONTACTS |
Mike McGrew |
773-251-4934 |
michael.mcgrew@cbrands.com |
Patty Yahn-Urlaub |
585-678-7483 |
patty.yahn-urlaub@cbrands.com |
Amy Martin |
585-678-7141 |
amy.martin@cbrands.com |
Bob Czudak |
585-678-7170 |
bob.czudak@cbrands.com |
|
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Tom Conaway |
585-678-7503 |
thomas.conaway@cbrands.com |
A downloadable PDF copy of this news release enhanced with
multimedia links can be found
here: http://ml.globenewswire.com/Resource/Download/9b9a4138-2eea-4441-8df1-1b390963307f
A photo accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a691c106-9187-4356-8011-c32c1afb65ac
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