:max_bytes(150000):strip_icc()/GettyImages-2204285731-7502c015292e471985cca1a9c3aa7514.jpg?w=780&resize=780,470&ssl=1 "Molson Coors CEO Hattersley to Retire by End of Year")
Key Takeaways
- Beer maker Molson Coors on Monday said CEO Gavin Hattersley plans to retire by the end of 2025.
- The company said it is launching a search for a new chief executive, and is considering both internal and external candidates.
- Hattersley has served as Molson Coors’ CEO for six years.
Molson Coors Beverage Company (TAP) on Monday announced that Chief Executive Officer (CEO) Gavin Hattersley plans to retire by the end of the year after a six-year stint at the helm of the beer giant.
Molson Coors, which will report fiscal first-quarter results on May 8, said it is launching a search for a replacement, and is considering both internal and external candidates.
“Gavin has been a steady hand at the wheel as CEO, navigating through incredible challenges that no one could ever have predicted while guiding our Company to growth, strengthening our foundation, and setting us up for an even brighter future to come,” board chair Geoff Molson said.
Shares of Molson Coors edged higher as markets opened Monday. They entered the day up down about 9% over the last 12 months.
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