Molson Coors announced that CEO Gavin Hattersley will exit the company by the end of 2025, after six years at the helm. Under his leadership, the company achieved its two highest years of annual net sales revenue and underlying income while reducing net debt by 40%.
Hattersley led the company's strategic shift from Molson Coors Brewing Company to Molson Coors Beverage Company in 2020. During his tenure, the company diversified beyond traditional beer into hard seltzers, spirits, and energy drinks, including acquisitions of Blue Run Spirits and a majority stake in Zoa Energy. The company also recently purchased a minority stake in UK-based Fever-Tree mixers.
Board chair Geoff Molson praised Hattersley's steady leadership and noted that the search for his successor will include both internal and external candidates focused on continuing the company's core brand strengthening and portfolio premiumization.
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