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Constellation Brands Announces CEO Succession Plan
Globenewswire· 2026-02-12 21:16
Core Viewpoint - Constellation Brands has announced the appointment of Nicholas Fink as the new President and CEO, effective April 13, 2026, succeeding Bill Newlands, who will transition to a strategic advisor role [1][2][3]. Leadership Transition - Nicholas Fink has been a member of Constellation's Board of Directors since 2021 and is expected to bring a diversified leadership experience and a deep understanding of the company's business model [2]. - Bill Newlands will step down as President and CEO on April 13, 2026, after serving in this role since 2019, and will retire from the Board on the same date [1][4]. Fink's Background - Fink has a proven track record in the beverage alcohol industry, having served as CEO at Fortune Brands Innovations since January 2020, where he led the company through the COVID-19 pandemic and accelerated its digital transformation [2]. - His previous experience includes senior leadership roles at Suntory Global Spirits, where he was responsible for the Asia Pacific and South America regions [2]. Company Performance Under Newlands - Under Bill Newlands' leadership, Constellation Brands consistently ranked among the top growth leaders in the large consumer packaged goods (CPG) sector, with Modelo Especial becoming the 1 selling beer in U.S. dollar sales [4]. - Newlands oversaw the reshaping of the Wine & Spirits portfolio, focusing on higher-end, higher-margin brands aligned with consumer trends [4]. Future Outlook - Fink expressed enthusiasm about joining Constellation Brands and aims to build on the company's strong track record of industry leadership, focusing on brand development and innovation to meet evolving consumer needs [3][4].
Constellation Brands to Report First Quarter 2026 Financial Results on July 1, 2025 After Market Close and Host Conference Call on July 2, 2025 at 10:30 AM ET
Globenewswire· 2025-05-29 20:30
Core Viewpoint - Constellation Brands, Inc. will report its financial results for the first quarter ending May 31, 2025, on July 1, 2025, with a conference call scheduled for July 2, 2025, to discuss the results and future outlook [1][2]. Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [3]. - The company's mission focuses on building beloved brands and enhancing human connections, which drives its growth as one of the fastest-growing large consumer packaged goods (CPG) companies in the U.S. [3]. Product Portfolio - The company offers a range of high-end, iconic imported beer brands, including Corona Extra, Modelo Especial, and various craft spirits and fine wine brands such as The Prisoner Wine Company and Robert Mondavi Winery [4]. Sustainability and ESG Strategy - Constellation Brands emphasizes sustainable and responsible operations, integrating its Environmental, Social, and Governance (ESG) strategy into its business practices to support long-term goals [5].
Constellation Brands to Present at the 2025 Deutsche Bank Global Consumer Conference on June 3, 2025
Globenewswire· 2025-05-23 17:30
Core Viewpoint - Constellation Brands, Inc. will participate in the 2025 Deutsche Bank Global Consumer Conference, discussing financial metrics, operating performance, strategic initiatives, and future outlook [1]. Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [3]. - The company's mission focuses on building beloved brands and enhancing human connections, which drives its growth as one of the fastest-growing large consumer packaged goods companies in the U.S. [3]. Product Portfolio - The company offers a range of high-end imported beer brands, including Corona Extra, Modelo Especial, and various craft spirits and fine wines such as The Prisoner Wine Company and Robert Mondavi Winery [4]. Sustainability and ESG Strategy - Constellation Brands emphasizes sustainable and responsible operations, integrating its ESG strategy into its business practices to promote environmental stewardship and responsible alcohol consumption [5].
Constellation Brands to Present at the 2025 Goldman Sachs Global Staples Forum on May 13, 2025
Globenewswire· 2025-05-01 20:30
Group 1 - Constellation Brands, Inc. will participate in the 2025 Goldman Sachs Global Staples Forum on May 13, 2025, with a presentation covering financial metrics, operating performance, strategic initiatives, and future outlook [1] - The presentation will be available via a live webcast on the company's investor relations website, with financial information and reconciliations of GAAP and non-GAAP measures accessible during the event [2] - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy, focusing on building beloved brands and anticipating market trends [3][4] Group 2 - The company emphasizes sustainability and responsible operations as part of its ESG strategy, aiming to be good stewards of the environment and promote responsible beverage alcohol consumption [5] - Constellation Brands offers a range of high-end beer brands, including Corona and Modelo, as well as fine wines and craft spirits, contributing to its position as one of the fastest-growing large CPG companies in the U.S. [4][3]
Constellation Brands Announces Industry Veteran Paula Erickson as Incoming Chief Human Resources Officer
Globenewswire· 2025-04-14 20:35
Core Points - Kris Carey will step down as EVP and Chief Human Resources Officer, departing the company in May 2025, with Paula Erickson set to take over the role on April 21, 2025 [1][2] - Erickson will join the Executive Management Committee and oversee all aspects of HR, including global talent initiatives and total rewards programs [2] - Bill Newlands, President and CEO of Constellation Brands, expressed gratitude for Carey's contributions and welcomed Erickson, highlighting her extensive experience in the beverage alcohol industry [3] Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [4] - The company focuses on building beloved brands and aims to drive consistent, industry-leading growth through investments in people and business capabilities [4] - Constellation's product portfolio includes high-end beer brands like Corona and Modelo, as well as fine wines and craft spirits [5] Strategic Focus - The company emphasizes sustainability and responsible operations as part of its ESG strategy, aiming to be good stewards of the environment and promote responsible beverage consumption [6]