Gavin Hattersley to Retire as Molson Coors CEO
Company - People | Apr 15, 2025 | EIN
Molson Coors Beverage Company has announced a significant leadership transition as Gavin Hattersley, the current president and CEO since 2019, plans to retire by the end of the year. Hattersley, who has amassed 28 years of experience in the beer industry, has been instrumental in guiding the company through significant mergers and acquisitions, notably involving SABMiller, MillerCoors, and Molson Coors. His tenure is marked by the growth of the Miller business and the launch of the MillerCoors U.S. joint venture in 2008. Hattersley's strategic initiatives have included a Revitalization and Acceleration Plan aimed at returning the company to growth, while fostering partnerships, such as the joint venture with D.G. Yuengling and the acquisition of production rights for Fever-Tree products, to expand the company's beverage repertoire.
Sectors
- Beverage Industry
- Merger and Acquisition (M&A) Advisory
Geography
- United States – Molson Coors is headquartered in the U.S., and much of the strategic M&A activity and partnerships noted in the article pertain to the U.S. market.
Industry
- Beverage Industry – Molson Coors operates within the beverage industry, focusing on both alcoholic and non-alcoholic products as demonstrated by their recent ventures.
- Merger and Acquisition (M&A) Advisory – The article highlights mergers and acquisitions that have been integral to Molson Coors' strategic direction under CEO Hattersley’s leadership.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gavin Hattersley | CEO | People | Hattersley is the current President and CEO of Molson Coors and has been in the role since 2019. |
| Molson Coors Beverage Company | Target Company | Company | An international beverage company known for its wide range of beer and soda products. |
| SABMiller | Previous M&A Partner | Company | A partner in the mergers and acquisitions that shaped Molson Coors. |
| MillerCoors | Previous Joint Venture | Company | A joint venture that was integral to Molson Coors’ growth. |
| D.G. Yuengling and Sons | Partner | Company | A partnering company with Molson Coors in a joint venture. |
| Fever-Tree | Partner | Company | Molson Coors acquired co-manufacturing and production rights for Fever-Tree products. |