Boston Beer(US:SAM) Globenewswireยท2025-08-01 20:28Leadership Change - Michael Spillane will step down as CEO of Boston Beer Company effective August 15, 2025, to focus on personal matters, but will remain on the board as a non-executive director [1][6] - Jim Koch, the founder and chairman of the board, will take over as CEO, a position he previously held from 1984 until January 2001 [2][6] Company Performance - Under Spillane's leadership, Boston Beer delivered one of its most profitable quarters in many years during the second quarter [3] Company Background - Boston Beer Company, founded in 1984, is one of the largest craft brewers in the United States, known for its high-quality products and innovation in the craft beer and flavored malt beverage categories [4][7] - The company has expanded its offerings to include hard cider, hard seltzer, and hard tea, with core brands such as Angry Orchard, Dogfish Head, Samuel Adams, Truly Hard Seltzer, and Twisted Tea [7]