Molson Coors CEO to retire from 27 September
Beer giant Molson Coors has announced that its current President and CEO Mark Hunter will be retiring from the business from 27 September. The company’s Board of Directors has said that Gavin Hattersley will be taking over Hunter’s role as of 28 September.
“After a 36-year career with the last 30 years in the beer business Mark Hunter indicated his desire to retire from his position as Molson Coors President and CEO in order to spend more time with his wife Fiona and two children,” said Andrew Molson, chairman of the Molson Coors Board.
Molson added: “Leadership changes are planned for at the Board level and this is part of our succession planning process at work. We respect Mark’s wishes and thank him for the significant impact he has made at our company. He’s led the company through a period of tremendous transformational change and has successfully helped more than double the size of our company.
“We are also delighted to name Gavin Hattersley as Mark’s replacement and the next CEO for Molson Coors. Gavin has led the US business for the past four years after serving as the Molson Coors CFO for the three years before that. He’s a skilled leader who understands what is required to drive shareholder value and build our portfolio of leading brands.”
Mark Hunter, 56, has spent his last 30 years in the beer business. He served as Molson Coors President and CEO from 2015-2019 following his role as President and CEO of Molson Coors Europe. Mark began his career in beer in 1989 when he joined Bass Brewers and has been with Molson Coors since its acquisition of the UK business in 2002.
According to Molson Coors, during his time, he has played a key role in every significant event in the company’s recent history, including the acquisition of the Carling business in the UK in 2002, the merger of two iconic brands and families Molson and Coors in 2005, the formation of its US joint venture, MillerCoors, in 2008, the acquisition of our Central and Eastern European business in 2012, the integration of MillerCoors into Molson Coors and the acquisition of the Miller international business in 2016.
“It’s been the joy of a lifetime to work on these great brands with so many inspirational colleagues for all of these years at Molson Coors,” said Mark Hunter. “It’s been a great privilege to serve as Molson Coors President and CEO but I am also very much looking forward to the next chapter which will be highlighted by spending more time with my wife Fiona and our two children back in the UK.”