Constellation Brands Elects Frederic Cumenal of Tiffany & Co. to its Board of Directors
July 22 2016 - 09:24AM
VICTOR, N.Y., July
22, 2016 - Constellation Brands, Inc. (NYSE: STZ and STZ.B), a
leading beverage alcohol company, announced today that its board of
directors increased the size of the board from 10 to 11 members. In
addition, the board elected Frederic Cumenal, chief executive
officer of Tiffany & Co., to serve as a member of the board,
effective as of the close of business on July 20, 2016.
"We're pleased to welcome Frederic to the board of
directors," said Constellation's Chairman of the Board, Richard
Sands. "We believe his keen understanding of branding and his
relevant experience in the wine and spirits business will continue
to strengthen our board and further Constellation Brands'
leadership in total beverage alcohol."
Since April 2015, Cumenal has served as chief
executive officer of Tiffany & Co., a fine jewelry and luxury
item company. Prior to his current appointment, he served as
president from September 2013 through March 2015. Prior to his
appointment as president, he was an executive vice president, with
responsibility for the sales and distribution of Tiffany & Co.
products globally.
Before working at Tiffany & Co., Cumenal spent
15 years in senior leadership positions in LVMH Group's wine and
spirits businesses, most recently as President and CEO of Moët
& Chandon, S.A. Previously, he served as president of Domaine
Chandon and was managing director of Moet Hennessy Europe.
About Constellation
Brands
Constellation Brands (NYSE: STZ and STZ.B) is a
leading international producer and marketer of beer, wine and
spirits with operations in the U.S., Canada, Mexico, New Zealand
and Italy. In 2015, Constellation was one of the top performing
stocks in the S&P 500 Consumer Staples Index. Constellation is
the No.3 beer company in the U.S. with high-end, iconic imported
brands including Corona Extra, Corona Light, Modelo Especial, Negra
Modelo and Pacifico. The company's beer portfolio includes Ballast
Point, one of the most awarded craft brewers in the U.S.
Constellation is also the world's leader in premium wine, selling
great brands that people love, including Robert Mondavi, Clos du
Bois, Kim Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino
and Jackson-Triggs. The company's premium spirits brands include
SVEDKA Vodka and Casa Noble Tequila.
Based in Victor, N.Y., the company believes that
industry leadership involves a commitment to brand building, our
trade partners, the environment, our investors and to consumers
around the world who choose our products when celebrating big
moments or enjoying quiet ones. Founded in 1945, Constellation has
grown to become a significant player in the beverage alcohol
industry with more than 100 brands in its portfolio, sales in
approximately 100 countries, about 40 facilities and approximately
9,000 talented employees. We express our company vision: to elevate life with every glass raised. To learn more,
visit www.cbrands.com.
CONTACTS
Media
Cheryl Gossin: 585-678-7191
Amy Martin: 585-678-7141
Investor Relations
Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Constellation Brands Inc via Globenewswire
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