Constellation Brands Announces Wine & Spirits Leadership Transition

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Robert Hanson to Step Down as EVP & President, Wine & Spirits Division Efficient February 29, 2024

Firm Initiates Search to Determine New Chief to Information Subsequent Section of Development for Its Wine & Spirits Enterprise

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VICTOR, N.Y., Jan. 04, 2024 (GLOBE NEWSWIRE) — Constellation Manufacturers, Inc. (NYSE: STZ), a number one beverage alcohol firm, immediately introduced that the Firm and Robert Hanson, who has led the transformation of the corporate’s Wine & Spirits enterprise since 2019, have mutually agreed that Mr. Hanson will step down from his position as Government Vice President and President of the corporate’s Wine & Spirits Division, on the finish of Constellation’s fiscal yr on February 29, 2024. The corporate has initiated a search to establish a successor. Invoice Newlands, President and Chief Government Officer, will assume duties as interim chief for the corporate’s Wine & Spirits Division, along with his present duties, till a successor is called. Newlands and Hanson will work collectively over the approaching weeks to make sure a clean transition of management.

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“Robert has been instrumental in main the cost to reposition our Wine & Spirits enterprise to a higher-end portfolio of manufacturers extra aligned with client developments, with an expanded focus to incorporate international, omni-channel distribution, with extra sturdy and focused worldwide and direct-to-consumer gross sales channels,” mentioned Invoice Newlands, President and Chief Government Officer at Constellation Manufacturers. “We thank Robert for his transformational imaginative and prescient, drive and dedication to our enterprise over the previous 11 years, first as a Board Director, after which as President of our Wine & Spirits Division, and we want him one of the best in his future endeavors.”

Hanson joined Constellation in June 2019 after efficiently serving in CEO and President positions at John Hardy World Restricted, American Eagle Outfitters, and Levi Strauss & Co. He additionally served as a valued member of Constellation’s Board of Administrators from 2013 to 2019. Beneath Hanson’s management over the previous four-and-a-half years, the corporate’s Wine & Spirits Division has considerably reshaped its model portfolio via a sequence of divestitures of lower-end manufacturers, a number of tuck-in acquisitions of higher-end superb wine and craft spirits manufacturers, consumer-led innovation, and by establishing a robust operational basis for long-term success and extra worthwhile progress.

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“I’m proud to have served each the Board and the Wine & Spirits Division of Constellation Manufacturers, have a deep admiration and respect for the corporate and its iconic beverage alcohol portfolio and, particularly, its gifted staff members,” mentioned Hanson. “With the strategic, operational and functionality transformation of the corporate’s Wine & Spirits enterprise in place, that is the proper time for me to transition management and to step down from my position with the corporate and pursue my future profession targets. I look ahead to the continued success of the staff within the years forward.”

ABOUT CONSTELLATION BRANDS
Constellation Manufacturers (NYSE: STZ) is a number one worldwide producer and marketer of beer, wine, and spirits with operations within the U.S., Mexico, New Zealand, and Italy. Our mission is to construct manufacturers that folks love as a result of we imagine elevating human connections is Value Reaching For. It’s price our dedication, exhausting work, and calculated dangers to anticipate market developments and ship extra for our shoppers, shareholders, staff, and business. This dedication is what has pushed us to grow to be one of many fastest-growing, giant CPG firms within the U.S. at retail, and it drives our pursuit to ship what’s subsequent.

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Day-after-day, folks attain for our high-end, iconic imported beer manufacturers resembling these within the Corona model household just like the flagship Corona Additional, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our superb wine and craft spirits manufacturers together with The Prisoner Wine Firm, Robert Mondavi Vineyard, Casa Noble Tequila, and Excessive West Whiskey; and our premium wine manufacturers resembling Kim Crawford and Meiomi.

As an agriculture-based firm, we’ve a protracted historical past of working sustainably and responsibly. Our ESG technique is embedded into our enterprise and our work focuses on serving pretty much as good stewards of the atmosphere, enhancing social fairness inside our business and communities, and selling accountable beverage alcohol consumption. These commitments floor our aspirations past driving the underside line as we work to create a future that’s really Value Reaching For.

To study extra, go to www.cbrands.com and observe us on X, Instagram, and LinkedIn.

A downloadable PDF copy of this information launch may be discovered right here: http://ml.globenewswire.com/Useful resource/Obtain/6f879f06-e200-4633-8058-dc27ea98a53e

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