Constellation Brands Names Bill Newlands Next CEO
17 Octubre 2018 - 3:55PM
Constellation Brands Names Bill Newlands Next CEO
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, today announced Bill Newlands will
assume the role of president and chief executive officer (CEO),
succeeding current CEO Rob Sands, on March 1, 2019. Also
effective March 1, 2019, Rob Sands will assume the role
of executive chair. Richard Sands, who is currently serving in
the role of executive chair, will assume the role of executive vice
chair on March 1, 2019.
“Since joining Constellation Brands in 2015, Bill
has made a significant impact on our company, finding ways to
leverage our unique capabilities as a leading total beverage
alcohol provider to meet consumers’ evolving needs and accelerate
growth,” said Constellation Brands’ CEO Rob Sands. “Bill
understands what it takes to succeed in this rapidly evolving
market and he’s the right person to lead our company going
forward.”
Newlands joined Constellation Brands in 2015 as
executive vice president and chief growth officer. In 2016, he
assumed additional responsibilities as president of the company’s
Wine & Spirits Division. In 2017, Newlands became the company’s
chief operating officer, and he assumed the role of president in
early 2018. Prior to joining Constellation Brands, Newlands held
several senior leadership roles in the beverage alcohol industry
spanning more than 30 years.
“Bill has a deep understanding and appreciation for
the values that have made Constellation Brands one of the top
performing S&P 500 companies,” said Richard Sands,
Constellation Brands’ executive chair. “I look forward to the
continued success of our company under Bill’s leadership.”
“I am honored to be selected as Constellation
Brands’ next CEO,” said Newlands. “I have a tremendous amount of
respect and admiration for the leadership Rob, Richard and Marvin
Sands provided over the years. I look forward to working with Rob,
Richard, our Board of Directors, and the Constellation Brands team
to ensure we continue building on the momentum our company has
gained in the marketplace for many years to come.”
Newlands will work with Rob Sands over the
coming months to ensure a smooth leadership transition once these
changes become effective in March.
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, Italy and Canada. Constellation is the No. 3
beer company in the U.S. with high-end, iconic imported brands such
as Corona Extra, Corona Light, Modelo Especial, Modelo Negra and
Pacifico. The company’s beer portfolio also includes Ballast Point,
one of the most awarded craft brewers in the U.S., and Funky Buddha
Brewery. In addition, Constellation is the world leader in premium
wine, selling great brands that people love, including Robert
Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Black Box,
Ruffino and The Prisoner. The company’s premium spirits brands
include SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.
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; about 40
wineries, breweries and distilleries; and approximately 10,000
talented employees. We express our company vision: to elevate life
with every glass raised.
To learn more, follow us on Twitter @cbrands
and visit www.cbrands.com.
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