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].