DENVER & MONTREAL--(BUSINESS WIRE)--
Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) today announced that
Mauricio Restrepo, 51, formerly the Senior Vice President and Chief
Financial Officer of Beam Suntory, Inc., has been appointed to the role
of Chief Financial Officer, Molson Coors, effective May 2, 2016. Until
such date, David Heede will remain as interim CFO at which time he will
resume his role as CFO for Molson Coors Europe.
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Mauricio Restrepo (Photo: Business Wire)
“Mauricio has an impressive track record in the alcohol beverage
industry and is the ideal candidate to help Molson Coors grow and
deliver shareholder value. In his prior roles, Mauricio has proved
himself a key member of executive leadership teams, driving finance,
tax, treasury, M&A, and business development in both developed and
emerging markets," said Mark Hunter, President and CEO of Molson Coors
Brewing Company. “Together with his deep knowledge of the Miller
business internationally, we are fortunate to have attracted such a high
caliber finance executive and look forward to leveraging his extensive
knowledge and experience.
“At the same time, I want to thank David for a job well done as interim
Global Chief Financial Officer since last November. David’s strong and
steady leadership has been invaluable to our executive leadership team
as we navigated through two earnings cycles and announced our
game-changing acquisition of MillerCoors.”
Prior to his time with Beam Suntory, Restrepo spent nine years with
SABMiller in senior finance roles, first as CFO of SABMiller Latin
America and later CFO of SABMiller Europe. He joined SABMiller in 2005
when SAB acquired Colombia-based Grupo Empresarial Bavaria where he was
Chief Financial Officer. Mauricio has also held commercial and finance
leadership roles in the publishing, automotive and banking industries.
About Molson Coors
Molson Coors Brewing Company is a leading international brewer
delivering extraordinary brands that delight the world's beer drinkers.
It brews, markets and sells a portfolio of leading premium brands such
as Coors Light, Molson Canadian, Carling, Staropramen and Blue Moon
across The Americas, Europe and Asia. It operates in Canada through
Molson Coors Canada; in the US through MillerCoors; across Europe
through Molson Coors Europe; and outside these core markets through
Molson Coors International. The company is the only alcohol producer
currently recognized for world class sustainability performance through
the Dow Jones Sustainability Index. It was listed on the World Index for
the past four years and named global Beverage Sector Leader in 2012 and
2013. For more information on Molson Coors Brewing Company visit the
company's website, http://molsoncoors.com
or http://ourbeerprint.com
Forward-Looking Statements
This press release includes statements that constitute
“forward-looking statements” within the meaning of the U.S. federal
securities laws. Generally, the words “believe,” "expect,”
"intend,” "anticipate,” “project,” “will,” and similar expressions
identify forward-looking statements, which generally are not historic in
nature. Although the Company believes that the assumptions upon
which its forward-looking statements are based are reasonable, it can
give no assurance that these assumptions will prove to be correct.
Important factors that could cause actual results to differ materially
from the Company’s historical experience, and present projections and
expectations are disclosed in the Company’s filings with the Securities
and Exchange Commission (“SEC”). These factors include, among
others, our ability to successfully close, finance and integrate the
acquisition of MillerCoors; our ability to achieve expected tax
benefits, accretion and cost synergies; our ability to obtain necessary
regulatory approvals for the acquisition of MillerCoors; impact of
increased competition resulting from further consolidation of brewers,
competitive pricing and product pressures; health of the beer industry
and our brands in our markets; economic conditions in our markets;
additional impairment charges; our ability to maintain
manufacturer/distribution agreements; changes in our supply chain
system; availability or increase in the cost of packaging materials;
success of our joint ventures; risks relating to operations in
developing and emerging markets; changes in legal and regulatory
requirements, including the regulation of distribution systems;
fluctuations in foreign currency exchange rates; increase in the cost of
commodities used in the business; the impact of climate change and the
availability and quality of water; loss or closure of a major brewery or
other key facility; our ability to implement our strategic initiatives,
including executing and realizing cost savings; our ability to
successfully integrate newly acquired businesses; pension plan costs;
failure to comply with debt covenants or deterioration in our credit
rating; our ability to maintain good labor relations; our ability to
maintain brand image, reputation and product quality; lack of
full-control over the operations of MillerCoors and other risks
discussed in our filings with the SEC, including our most recent Annual
Report on Form 10-K, which is incorporated by reference therein. All
forward-looking statements in this press release are expressly qualified
by such cautionary statements and by reference to the underlying
assumptions. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. We do
not undertake to update forward-looking statements, whether as a result
of new information, future events or otherwise.
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Source: Molson Coors Brewing Company