Molson Coors to lose CEO Gavin Hatrasley by the end of 2025 after the transformation and registration of $ 11.6 billion in revenue sales

• CEO of Molson Coors Gavin Hattersley Planned retirement by the end of 2025 after a transformational period characterized by standard financial performance and strategic diversification behind fermentation. The company says it launched an official search for its successor.

Gavin Hatarsley, CEO of Molson Coors, has long announced his intention to retire by the end of 2025, crowned from a period that Coors and Blue Moon Maker witnessed a record financial performance and expands beyond its traditional roots.

The company’s board of directors has officially searched behind it, taking into account the internal and external candidates. The research will be supervised by the Council’s Governance Committee as part of the current caliphate planning process for Presson Corses.

Hatarsley, who joined the company in 2002 after SABMILLER acquired Miller Brewing, was at the head of Molson Coors since 2019.

How did Hatrasley Molson Course transform

During his term, Molson Coors “launched a strategic” stimulating “strategic business to grow, followed by a” acceleration plan “and its installment wallet expanded, and helped it reduce the net debt by almost 40 % since the end of 2019, and to reach the annual sales revenue of $ 11.6 billion.

Under his leadership, the company has formed new partnerships-including a joint venture with Yuengling and the rights of the new USM marketing for a fever tree-and entered markets outside the beer, with hard-off launch operations, ready-made cocktails for drinking, lives, and mixers.

“Our company has placed a road to a brighter future,” said David Corsus, Vice Chairman.

The company also provided two consecutive years of record revenues and profits under Hatiresley.

In the fourth quarter of 2024 alone, Molson Coors exceeded the expectations of 2.74 billion dollars and the participation of profits of $ 1.30, overcoming expectations of $ 2.71 billion and $ 1.13 per share, respectively.

Molson Coors currently increases by 5.75 % of the time of writing this report.

“Javin was a fixed hand on the wheel as an executive chairman, as he was moving through incredible challenges while directing our company to grow,” said Jeff Moulson Chairman, Jeff Moulson. “He leaves behind him a stronger basis and a brighter future for Molson Course.”

Molson Coors will make its profits in Q1 2025 on April 29, providing more ideas about the company’s path as it moves to a new leadership.

This story was originally shown on Fortune.com