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Key Takeaways
- Molson Coors announced Monday that its CEO Gavin Hattersley intends to retire at the end of 2025.
- The company said that it has launched a search for a chief executive and is considering both internally and externally-sourced candidates.
- Hattersley has served as Molson Coors' CEO for six years.
Molson Coors Beverage Company announced on Monday that Gavin Hattersley, the company’s Chief Executive Officer, plans to retire at the end of this year after six years at the helm.
Molson Coors will announce its fiscal first-quarter results May 8 and has announced that it is searching for a new CEO. It is looking at both internal and external candidates.
"Gavin has been a steady hand at the wheel as CEO, navigating through incredible challenges that no one could ever have predicted while guiding our Company to growth, strengthening our foundation, and setting us up for an even brighter future to come," board chair Geoff Molson said.
The shares of Molson Coors rose as the markets opened Monday. They started the day with a loss of about 9% for the past 12 months.
