Hattersley Follows Leo Kiely and Tom Long as Third CEO of
MillerCoors Joint Venture
LONDON & DENVER--(BUSINESS WIRE)--Sep. 8, 2015--
The Board of Directors of MillerCoors, the U.S. and Puerto Rican joint
venture between SABMiller plc (LN:SAB; OTC:SABMRY) and Molson Coors
Brewing Company (NYSE: TAP; TSX: TPX), today named Gavin Hattersley to
the role of chief executive officer, following former CEO Tom Long, who
retired on June 30, 2015. Hattersley, 52, had been serving as the
interim CEO of MillerCoors since July 1, in addition to his role as
chief financial officer of Molson Coors.
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“Gavin is the right person to lead MillerCoors forward,” said Pete
Coors, chairman of the MillerCoors Board of Directors and vice chairman
of Molson Coors. “Gavin has a great handle on what needs to be done to
achieve growth at MillerCoors and he has the complete confidence of the
Board, the employees and the distributor network to achieve this
aspiration.”
“Gavin knows both parent companies incredibly well and he knows the
MillerCoors business better than anyone,” said Alan Clark, Chief
Executive of SABMiller. “In his few short months as interim leader, he
has quickly taken action across a number of areas. He has shown a deep
understanding of the strategic issues facing the business and the need
to prioritize returning MillerCoors to total volume growth in the years
ahead.”
“Gavin combines his business knowledge with a healthy dose of impatience
that’s needed at MillerCoors,” said Mark Hunter, CEO of Molson Coors.
“MillerCoors has a tremendous portfolio of brands and they deserve a
leader who will be able to focus all of his energy and efforts against
growing the business.”
“I am humbled and honored to lead MillerCoors forward,” said Hattersley.
“The passion and energy that our employees and distributors have for
growing this business is awesome. We have a lot of work to do to meet
our ambitious goals, but we have the people, brands and firepower to do
it. My job is to galvanize and focus our collective efforts and inspire
the company to take smart risks, execute the right ideas and,
ultimately, grow our total volume and shareholder value.”
Hattersley’s appointment is effective immediately. He follows Tom Long
and Leo Kiely as the previous two CEOs of the MillerCoors joint venture.
Hattersley and his wife, Terry, will relocate to Chicago.
Molson Coors has begun the process of identifying Hattersley’s successor
as CFO. Hattersley will remain in a dual capacity as MillerCoors CEO and
CFO of Molson Coors until mid-November.
Overview of MillerCoors
Through its diverse collection of storied breweries, MillerCoors brings
American beer drinkers an unmatched selection of the highest quality
beers steeped in centuries of brewing heritage. Miller Brewing Company
and Coors Brewing Company offer domestic favorites such as Coors Light,
Miller Lite, Miller High Life and Coors Banquet. Tenth and Blake Beer
Company, our craft and import division, offers beers such as
Leinenkugel’s Summer Shandy from sixth-generation Jacob Leinenkugel
Brewing Company and Blue Moon Belgian White from modern craft pioneer
Blue Moon Brewing Company, which celebrates its 20th Anniversary this
year. Tenth and Blake also operates Crispin Cidery, an artisanal maker
of pear and apple ciders using fresh-pressed American juice. The company
imports world-renowned beers such as Italy’s Peroni Nastro Azzurro, the
Czech Republic’s Pilsner Urquell and the Netherlands’ Grolsch.
MillerCoors also offers pioneering new brands such as the Redd’s
franchise, Redd’s Wicked and Smith & Forge Hard Cider. MillerCoors seeks
to become America’s best beer company through an uncompromising promise
of quality, a keen focus on innovation and a deep commitment to
sustainability. MillerCoors is a joint venture of SABMiller plc and
Molson Coors Brewing Company. Learn more at MillerCoors.com, at
facebook.com/MillerCoors or on Twitter through @MillerCoors.
Overview of SABMiller
SABMiller is in the beer and soft drinks business, bringing refreshment
and sociability to millions of people all over the world who enjoy our
drinks. The company does business in a way that improves livelihoods and
helps build communities.
SABMiller is passionate about brewing and has a long tradition of
craftsmanship, making superb beer from high quality natural ingredients.
Our local beer experts brew more than 200 beers from which a range of
special regional and global brands have been carefully selected and
nurtured.
SABMiller is a FTSE-20 company, with shares trading on the London Stock
Exchange, and a secondary listing on the Johannesburg Stock Exchange.
The group employs around 69,000 people in more than 80 countries, from
Australia to Zambia, Colombia to the Czech Republic, and South Africa to
the USA. Every minute of every day, more than 140,000 bottles of
SABMiller beer are sold around the world.
In the year ended 31 March 2015, SABMiller sold 324 million hectolitres
of lager, soft drinks and other alcoholic beverages, generating group
net producer revenue of US$26,288 million and EBITA of US$6,367 million.
Further information is also available on:
www.sabmiller.com
www.facebook.com/sabmiller
www.twitter.com/sabmiller
www.youtube.com/sabmiller
Overview of Molson Coors
Molson Coors Brewing Company is one of the world’s largest brewers. The
Company’s operating segments include Canada, the United States, Europe,
and Molson Coors International (MCI). The Company has a diverse
portfolio of owned and partner brands, including signature brands
Carling, Coors Banquet, Coors Light, Molson Canadian and Staropramen.
Molson Coors is listed on the 2014/2015 Dow Jones Sustainability World
Index (W1SGITRD), the most recognized global benchmark of sustainability
among global corporations. For more information on Molson Coors Brewing
Company, visit the company’s website, www.molsoncoors.com.
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Source: MillerCoors
MillerCoors
Pete Marino, 312-496-2971
Chief
Communications Officer
or
Jon Stern, 312-402-7167
Media
Relations
or
SABMiller
Richard Farnsworth, +44
7734 776 317
Media Relations
or
Molson Coors
Colin
Wheeler, 303-927-2443
Media Relations