Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, today announced new and expanded
responsibilities for two members of its Executive Management
Committee, effective March 1, 2021. Jim Sabia, who has served as
Constellation’s Executive Vice President and Chief Marketing
Officer since 2018, has assumed the newly created role of Executive
Vice President and Managing Director, Beer Division, with
responsibility for leading the division’s operations services and
commercial business functions. Constellation’s Chief Marketing
Officer role will remain open in the near-term, but given the
importance of this role to the company’s long-term growth
aspirations, Constellation will look to fill this position over
time. Mallika Monteiro will assume expanded responsibilities as
Executive Vice President and Chief Growth, Strategy and Digital
Officer. In addition to her current responsibilities leading the
company’s growth and strategy functions, she will assume added
responsibility for leading the company’s media initiatives,
including digital marketing, 3-Tier ecommerce, and Constellation
Ventures (which focuses on investing in early stage start-ups in
the beverage alcohol space and adjacent categories).
“Our company has had a great deal of success over the past
decade, and we have bold ambitions for the future as well,” said
Bill Newlands, Constellation’s president and CEO. “To achieve our
long-term aspirations, it is critical that we continue to invest in
broadening the knowledge, perspective and capabilities of our
leaders. These moves will help us do just that. Both Mallika and
Jim will continue to work closely with the rest of our executive
management committee to further build on our success.”
Sabia joined Constellation Brands in 2007 as Vice President,
Marketing for the company’s spirits business. He was promoted to
Chief Marketing Officer of Constellation’s beer division in 2009
and to Executive Vice President, Chief Marketing Officer for
Constellation’s full portfolio in 2018. Under Sabia’s leadership,
growth trends for the company’s beer portfolio significantly
outpaced the U.S. beer market and, upon the assumption of
responsibilities for the full portfolio, he played an instrumental
role in the transformation of the company’s Wine & Spirits
business, working to build consumer affinity for the company’s
premium portfolio of powerhouse wine and spirits brands.
“We have some of the most iconic, consumer-loved brands in the
industry, and the very best teams behind them,” said Sabia. “I look
forward to continuing to work with the team to drive a
consumer-obsessed mindset across our business as we progress
towards our long-term growth aspirations.”
Monteiro joined Constellation Brands in 2016 as Vice President,
Beer Innovation, and has gone on to hold a number of roles with
increasing leadership responsibility across consumer and category
insights, innovation and new product development across beer, wine
and spirits, as well as leading the company’s strategy development
and business transformation functions.
Monteiro has made significant contributions to help strengthen
the company’s innovation process, including leading the development
of one of Constellation’s most successful new product launches in
Corona Hard Seltzer, and was a driving force behind the company’s
Focus on Female Founders program, designed to invest $100 million
in female-founded or female-owned start-ups in the beverage alcohol
space by 2028. In 2019, Monteiro was promoted to Executive Vice
President and Chief Growth & Strategy Officer, where she has
served as a member of Constellation’s Executive Management
Committee.
“We must be agile to stay ahead of shifting consumer behavior,”
said Monteiro. “This requires us to continue building an
organization with best-in-class capabilities to anticipate, meet
and engage with consumers where they’re headed, whether that’s in
digital channels or by exploring disruptive brands in emerging
categories. I’m excited to work with our teams to drive our big
ambitions in these areas.”
ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ and STZ.B), our mission is to
build brands that people love because we believe sharing a toast,
unwinding after a day, celebrating milestones, and helping people
connect, are Worth Reaching For. It’s worth our dedication, hard
work, and the bold calculated risks we take to deliver more for our
consumers, trade partners, shareholders, and communities in which
we live and work. It’s what has made us one of the fastest-growing
large CPG companies in the U.S. at retail, and it drives our
pursuit to deliver what’s next.
Today, we are a leading international producer and marketer of
beer, wine, and spirits with operations in the U.S., Mexico, New
Zealand, and Italy. Every day, people reach for our high-end,
iconic imported beer brands such as Corona Extra, Corona Light,
Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, and
our high-quality premium wine and spirits brands, including the
Robert Mondavi Brand Family, Kim Crawford, Meiomi, The Prisoner
Brand Family, SVEDKA Vodka, Casa Noble Tequila, and High West
Whiskey.
But we won’t stop here. Our visionary leadership team and
passionate employees from barrel room to boardroom are reaching for
the next level, to explore the boundaries of the beverage alcohol
industry and beyond. Join us in discovering what’s Worth Reaching
For.
To learn more, follow us on Twitter @cbrands and visit
www.cbrands.com.
MEDIA CONTACTS |
INVESTOR RELATIONS CONTACTS |
Mike McGrew 773-251-4934
/ michael.mcgrew@cbrands.comAmy Martin 585-678-7141
/ amy.martin@cbrands.com |
Patty Yahn-Urlaub 585-678-7483
/ patty.yahn-urlaub@cbrands.comMarisa Pepelea 312-741-2316
/ marisa.pepelea@cbrands.com |
A PDF containing multimedia is available
at: http://ml.globenewswire.com/Resource/Download/e5e9bea0-9b7d-49a9-a6f3-a4593e648c4f
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3dc7449b-ad7e-469d-852f-4344d1777c83
https://www.globenewswire.com/NewsRoom/AttachmentNg/b1177726-c3d7-4871-8e05-2e6f7dd390bc
Constellation Brands (NYSE:STZ)
Historical Stock Chart
From Aug 2024 to Sep 2024
Constellation Brands (NYSE:STZ)
Historical Stock Chart
From Sep 2023 to Sep 2024