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Rahul Goyal has 'new thinking' to brew at Molson Coors
The Economic Timesยท 2025-09-23 18:32
Core Viewpoint - Rahul Goyal, with extensive experience in strategy and finance, will succeed Gavin Hattersley as CEO of Molson Coors effective October 1, during a challenging period marked by declining sales [1][6]. Company Leadership Transition - Goyal has been with Molson Coors since 2001, holding various leadership roles across three continents, and is recognized for his strong institutional knowledge and eagerness to drive future growth [1][4]. - The company has reported sales declines for the past five quarters, with forecasts indicating low single-digit year-on-year decreases in net sales [1][6]. Strategic Vision and Goals - Goyal expressed readiness to tackle both opportunities and challenges, emphasizing the importance of the company's brands, people, and passion in achieving growth [2][6]. - He plans to share his vision for driving growth and maintaining the company's legacy in the coming months [2][6]. Background and Experience - Goyal holds an engineering degree from Mysore University and an MBA from the University of Denver, with previous roles including Chief Financial Officer in the UK and India [4][6]. - He has been instrumental in strategic initiatives such as the acquisition of ZOA Energy and the expansion into the Beyond Beer segment, which includes hard seltzers and energy drinks [4][7]. Global Mindset - Goyal's global perspective is shaped by his diverse upbringing and work experience, which is expected to influence Molson Coors' strategy positively [4][7]. - His leadership is anticipated to bring a fresh perspective to the company as it navigates an increasingly complex environment [6][7].