Molson Coors
Mr. Gavin D. K. Hattersley (Pres, CEO & Director)
Ms. Tracey I. Joubert (Chief Financial Officer)
Ms. Michelle E. St. Jacques (Chief Marketing Officer)
Summary
History
On July 22, 2004, the Adolph Coors Company and Molson, Inc. announced their plan to merge. The merger was completed February 9, 2005, with the merged company being named Molson Coors Brewing Company. The merger including the brands and brewing operations of the Molson Brewery and the Coors Brewing Company. Molson Brewery was started by John Molson in Montreal, Canada in 1786. Coors Brewing Company was started by Adolph Coors in Golden, Colorado, United States in 1873.
Molson Coors bought Creemore Springs Brewery on April 22, 2005.The operations of Molson Coors in Brazil were sold to the Mexican group FEMSA in 2006, and the beer operations of FEMSA was acquired by Heineken International in 2010.
Joint venture with SABMiller
On October 9, 2007, SABMiller and Molson Coors Brewing Company announced a joint venture to be known as MillerCoors for their U.S. brewing and sales operations. SABMiller had 58% stake in the company, and Molson Coors had a 42% stake. MillerCoors combined their operations within North America with the headquarters in Chicago .
European acquisitions
On February 2, 2011, the company purchased Sharp's Brewery of Cornwall in England for £20 million.In early 2012 the company expanded into the Central and Eastern Europe markets by acquiring the region's market-leading brewery StarBev from CVC Capital Partners.
Miller acquisition
In September 2015 Anheuser-Busch Inbev announced that it had reached agreement to acquire competitor SABMiller for $107 billion. During the merger discussions between the two companies in 2015, the U.S. Department of Justice had agreed to the proposed deal only on the basis that SABMiller "spins off all its MillerCoors holdings in the U.S. — which include both Miller- and Coors-held brands — along with its Miller brands outside the U.S."SABMiller agreed to divest itself of the Miller brands by selling its stake in MillerCoors to Molson Coors. The merger between Anheuser-Busch Inbev and SABMiller closed on October 10, 2016. The spinoff deal was completed on October 11, 2016. As per the agreement with the regulators, SABMiller sold to Molson Coors full ownership of the Miller Brewing Company brand portfolio.After SABMiller divested itself of all interests in MillerCoors, Molson Coors became the largest brewer in North America
2020 rebranding and restructuring
On October 30, 2019, the company announced it would change its name to Molson Coors Beverage Company as a part of a restructuring to take place in 2020. The name change would reflect the companies growing focus on beverages outside of the traditional beer and brewing offerings. Additionally, the company would retire the MillerCoors corporate brand name and reorganize its global business units into Molson Coors North America, headquartered in Toronto, and Molson Coors Europe, headquartered in Prague.
2020 Milwaukee campus shooting
On February 26, 2020, six people, including the shooter, were killed at a shooting near the company's Milwaukee brewing campus. The Milwaukee complex serves as a site for some of Molson Coors' corporate offices and brewing facilities and was in the "Miller Valley" area, which served as the headquarters for the Miller Brewing Company before it was acquired by Molson Coors.
Joint venture with Yuengling
On September 15, 2020, Molson Coors and D. G. Yuengling & Son announced a joint venture to oversee the expansion of Yuengling beer into states beyond its existing footprint. Under the terms of the deal, Yuengling beers will be brewed and packaged in select Molson Coors’ breweries under Yuengling brewers’ supervision, and distributed into new markets.
Mission
Vision
Key Team
Mr. Peter John Marino (Pres of Emerging Growth)
Ms. Roxanne M. Stelter (VP, Controller, Chief Accounting Officer & Principal Accounting Officer)
Mr. Adam Collins (Chief Communications & Corp. Affairs Officer)
Greg Tierney (VP of FP&A and Investor Relations)
Ms. Anne-Marie Wieland D'Angelo (Chief Legal & Gov. Affairs Officer and Sec.)
Mr. Sergey K. Yeskov (Pres & CEO of Molson Coors EMEA APAC)
Mr. Dave Osswald (Chief People & Diversity Officer)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Molson_Coors
https://in.investing.com/equities/molson-coors
https://finance.yahoo.com/quote/TAP/profile?p=TAP
https://www.comparably.com/companies/molson-coors/mission
https://www.crunchbase.com/organization/molson-coors
https://sec.report/CIK/0000024545
Mr. Gavin D. K. Hattersley (Pres, CEO & Director)
Ms. Tracey I. Joubert (Chief Financial Officer)
Ms. Michelle E. St. Jacques (Chief Marketing Officer)