Constellation Brands Adds Chief Operating Officer Role and Names Bill Newlands
January 25 2017 - 4:15PM
Chris
Stenzel Appointed President Wine & Spirits Division
VICTOR, N.Y., Jan. 25, 2017 -
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, today announced that Bill Newlands has
been named executive vice president, chief operating officer, a new
position within the company. A 30-year industry veteran, Newlands
joined Constellation in 2015 as executive vice president and chief
growth officer and currently serves as president of the Wine &
Spirits Division. This change enables the company to continue to
build bench strength for critical leadership roles in the
future.
In his new role, Newlands will oversee the Beer
Division, Wine & Spirits Division and Growth organization. He
will report directly to Rob Sands, president and chief executive
officer. Newlands will focus on advancing strategic growth
opportunities across the company to fully leverage Constellation's
position as a leading total beverage alcohol company.
"Bill simply is one of the 'best of the best' in
the industry," said Sands. "He is a dynamic leader with a unique
capacity to translate vision into reality. He has ignited our
approach to company-wide innovation and driven growth within our
Wine & Spirits Division. The creation of the COO role will
allow Bill to bring that talent to the entire organization and
continue to fuel our momentum," Sands added.
With Newlands' transition to chief operating
officer, the company is announcing additional leadership
changes.
"As an organization, we continue to evolve and
change because we are relentless in driving forward and these
appointments position the next generation of leadership to build on
our dynamic growth," said Sands.
Chris Stenzel has been promoted to executive vice
president, president, Wine & Spirits Division. Stenzel has over
18 years of beverage alcohol experience, joining Constellation
Brands in 2008. Since that time, he has held a number of
senior roles including leading our Wine & Spirits finance
division and most recently as senior vice president finance for the
Beer Division. Stenzel is a trusted strategic counselor to
leadership across the organization bringing deep commercial
and operational knowledge and experience to his new role. Stenzel
and Paul Hetterich, president of the Beer Division, will both
report to Bill Newlands.
Ben Dollard will transition to the role of senior
vice president, chief marketing officer and International for the
Wine & Spirits Division and report to Chris Stenzel. Dollard
came to the company in 2001 and most recently served as chief
growth officer and previously led the Canadian wine business.
Jared Fix will assume the role of senior vice
president, chief growth officer with responsibility for driving the
company's growth strategy across both the Beer and Wine &
Spirits Divisions. He will report to Bill Newlands. Fix joined
Constellation in 2015 as senior vice president and chief marketing
officer, Wine & Spirits Division.
All executive appointments are effective January 30, 2017.
About Constellation
Brands
Constellation Brands (NYSE: STZ and STZ.B), a Fortune
500®
company, is a leading international producer and marketer of beer,
wine and spirits with operations in the U.S., Mexico, Canada, New
Zealand and Italy. Constellation is the No. 3 beer company in the
U.S. with high-end, iconic imported brands such as Corona Extra,
Corona Light, Modelo Especial, Modelo Negra and Pacifico. The
company's beer portfolio also includes Ballast Point, one of the
most awarded craft brewers in the U.S. In addition, Constellation
is 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 The Prisoner. The
company's premium spirits brands include SVEDKA Vodka, Casa Noble
Tequila, and High West Whiskey.
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, about 40
facilities and approximately 8,000 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
Mike McGrew (Beer):
312-873-9317
Alicia Laury (U.S. W&S): 415-912-3851
Investor Relations
Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170
Paul Hetterich Photo
Bill Newlands Photo
Chris Stenzel Photo
Jared Fix Photo
Ben Dollard Photo
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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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