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Molson Coors’ CEO Gavin Hattersley announced that it will lead the company for six years and retire by the end of 2025. The board of directors of Beverage Giant is looking for the next CEO with the help of third -party companies.
Originally a hail from South Africa, Hattersley worked in the beer industry for the first time in 2002 and joined the Miller Coors in 2002. His term -driven Molson Coors matched the change in the beer category.
Hattersley said in a statement published in LinkedIn, the company said, “We strengthened the supply chain and invested in the brewery, and we built a stronger business.”
GEOFF Molson, chairman of the board of directors, said, “Hattersley is steadily in the hand as a CEO.
In the press release, Molson Coors said Hattersley has actually increased its profits and achieved $ 11.6 billion in sales in 2024. The company has reduced its debt nearly 40% since 2019.
One month after becoming CEO in 2019, Hattersley checked the company’s structure in two separate business units and cut 500 jobs to increase the company’s cash flow. He also replaced it with “drinks” to cut “brewing” in the name of the company and to better reflect the broad ambitions.
The executives have expanded Brewer’s “Beyond BEER” portfolio to expand the range to new categories such as canned cocktails, premium spirits and energy drinks. Under the instructions of Hattersley, the company offered off four low craft beer brands on Tilray last year and again focused on popular beer, including Blue Moon and Coors Banquet in 2025.
Molson Coors also faced several tasks during the CEO’s tenure, especially due to a cyber attack that interferes with long -term labor strikes and 2021 beer production last year.
The departure of Hattersley is another famous CEO of Food and Beverage Industry, and has announced plans to retire, including Hershey’s Michele Buck and Monster Beverage Co-CEO Rodney Sacks.
