Constellation Brands Appoints E. Yuri Hermida as New EVP, Chief
Growth & Strategy Officer
ROCHESTER, N.Y., Oct. 08, 2024 (GLOBE
NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading
beverage alcohol company, today announced the appointment of E.
Yuri Hermida as the company’s new Executive Vice President, Chief
Growth & Strategy Officer. In this role, Hermida will be
responsible for Consumer Insights & Innovation, Digital,
Transformation, Media, New Business Ventures, and Strategy &
Analytics. He will report directly to Bill Newlands, President and
Chief Executive Officer, and will serve as a member of
Constellation’s executive management committee.
Hermida is a proven, global leader with a track record of
driving results across diverse CPG companies in North America,
Asia, Europe, and Latin America. He brings strong general
management, operational, and P&L discipline coupled with
extensive marketing, research and development, and innovation
expertise to the team. Before joining Constellation Brands, Hermida
was with Sovos Brands, one of the fastest growing companies of
scale in CPG. At Sovos Brands, he served as President of the
company and was Chief Growth Officer prior to that appointment.
Before Sovos Brands, he spent four years at Reckitt in Europe and
North America where he drove growth for the business units he
led.
“We are excited to welcome Yuri to the team,” said Newlands.
“His extensive experience across the CPG sector and diverse
perspective will benefit our company as we continue to look for
ways to evolve our business in line with shifting consumer and
category trends to seek to ensure long-term, sustainable
industry-leading growth.”
Originally from Mexico City, Hermida began his career there in
brand management with The Procter & Gamble Company. He then
managed several brands in their food and beverage portfolio, based
out of their offices in Venezuela. Hermida continued to assume
leadership positions with increasing responsibility, holding
country and general manager roles around the world, and leading
large-scale businesses in international markets for the
company.
“I am thrilled to be joining the leadership team at
Constellation Brands,” said Hermida. “I look forward to the
opportunity to drive sustainable growth for a company with such
iconic brands that I have had a long-standing affinity for.”
Hermida succeeds Mallika Monteiro, who previously led the
company’s Growth Organization where she advanced the company’s
innovation and digital capabilities and more recently assumed
additional responsibilities as Executive Vice President and
Managing Director for the company’s beer brand portfolio. In this
role, Monteiro is responsible for all aspects of brand marketing
and advertising, trade marketing and merchandising, as well as
field, lifestyle, and experiential marketing for the company’s
high-end beer brands. These responsibilities include elements
critical to building and sustaining momentum for the company’s
industry-leading Beer portfolio in an increasingly dynamic and
competitive consumer landscape. Monteiro will continue to report
directly to Bill Newlands and serve as a member of Constellation’s
executive management committee.
“I look forward to the momentum Mallika will continue to help
drive for our iconic beer brands,” said Newlands. “Her prior
experience in beer and brand marketing and deep understanding of
the consumer will help ensure our brands continue to resonate with
current and new consumers alike, as we work to drive continued
growth and unlock new opportunities.”
ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ) is a leading international
producer and marketer of beer, wine, and spirits with operations in
the U.S., Mexico, New Zealand, and Italy. Our mission is to build
brands that people love because we believe elevating human
connections is Worth Reaching For. It’s worth our dedication, hard
work, and calculated risks to anticipate market trends and deliver
more for our consumers, shareholders, employees, and industry. This
dedication is what has driven us to become one of the
fastest-growing, large CPG companies in the U.S. at retail, and it
drives our pursuit to deliver what’s next.
Every day, people reach for our high-end, iconic imported beer
brands such as those in the Corona brand family like the flagship
Corona Extra, Modelo Especial and the flavorful lineup of Modelo
Cheladas, Pacifico, and Victoria; our fine wine and craft spirits
brands including The Prisoner Wine Company, Robert Mondavi Winery,
Casa Noble Tequila, and High West Whiskey; and our premium wine
brands such as Kim Crawford and Meiomi.
As an agriculture-based company, we have a long history of
operating sustainably and responsibly. Our ESG strategy is embedded
into our business and our work focuses on serving as good stewards
of the environment, enhancing social equity within our industry and
communities, and promoting responsible beverage alcohol
consumption. These commitments ground our aspirations beyond
driving the bottom line as we work to create a future that is truly
Worth Reaching For.
To learn more, visit www.cbrands.com and follow us on X,
Instagram, and LinkedIn.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All
statements other than statements of historical fact are
forward-looking statements. The word “expect” and similar
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain such
identifying words. These statements may relate to business
strategy, future operations, prospects, plans, and objectives of
management, including related to the evolution of Constellation’s
business, Constellation’s growth efforts and opportunities, and
sustaining the momentum of Constellation’s beer business , as well
as information concerning expected actions of third parties. All
forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those set
forth in, or implied by, such forward-looking statements. No
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur.
The forward-looking statements are based on management’s current
expectations and should not be construed in any manner as a
guarantee that such results will in fact occur. All forward-looking
statements speak only as of the date of this news release and
Constellation does not undertake any obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise.
In addition to risks and uncertainties associated with ordinary
business operations, the forward-looking statements contained in
this news release are subject to other risks and uncertainties,
including the accuracy of all projections and other factors and
uncertainties disclosed from time-to-time in Constellation’s
filings with the Securities and Exchange Commission, including its
Annual Report on Form 10-K for the fiscal year ended February 29,
2024 and its Quarterly Report on Form 10-Q for the fiscal quarter
ended August 31, 2024, which could cause actual future performance
to differ from current expectations.
MEDIA CONTACTS |
INVESTOR RELATIONS CONTACTS |
Amy Martin 585-678-7141
/ amy.martin@cbrands.com
Carissa Guzski 315-525-7362 / carissa.guzski@cbrands.com |
Joseph Suarez 773-551-4397
/ joseph.suarez@cbrands.com
Snehal Shah 847-385-4940 / snehal.shah@cbrands.com |
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