Constellation Brands Announces Senior Management Change
(Thomson Reuters ONE) -
~Appoints new CFO, David Klein~
VICTOR, N.Y., JUNE 15, 2015 - Constellation Brands, Inc. (NYSE: STZ and STZ.B),
a leading beverage alcohol company, announced today that Executive Vice
President and Chief Financial Officer (CFO) Bob Ryder is leaving the company
after the completion of the company's first quarter 10-Q filing. David Klein has
been promoted to Executive Vice President and Chief Financial Officer.
"It is with truly mixed emotions that I announce I have decided to leave the
company as I feel now is the time that I can fully commit myself to seek new
challenges and explore external opportunities," said Ryder. "CBI is a terrific
company and is in great shape - there is a strong financial leadership team and
excellent financial governance and controls are in place."
"Since 2007, Bob has been a key contributor to many of Constellation's most
important achievements," said Rob Sands, president and chief executive officer,
Constellation Brands. "As CFO, Bob has built an incredibly talented organization
and laid the foundation for future success. Along with our employees, I thank
Bob for his many years of service and for helping to build a company that is
unrivaled in the industry."
As the new CFO, David Klein will join Constellation's Executive Management
Committee and report directly to Sands. Klein joined Constellation in 2004 and
most recently served as CFO for the company's Beer Division. His previous roles
with Constellation include SVP, Treasurer and Controller as well as CFO for the
company's former European business. Prior to his tenure at Constellation, Klein
held the CFO role at Montana Mills.
"David is a dynamic and effective leader with strong financial and strategic
capability," said Sands. "He has deep experience in all facets of finance and
also brings international expertise to the role. David is the right person to
join our Executive Management Committee and help guide Constellation into our
next phase of growth and success."
Ryder's departure from the company is an amicable one and is unrelated to the
company's financial performance or financial reporting. Ryder and Klein will
work together to ensure a smooth transition.
About Constellation Brands
Constellation Brands (NYSE: STZ and STZ.B) is a leading international producer
and marketer of beer, wine and spirits with operations in the U.S., Canada,
Mexico, New Zealand and Italy. In 2014, Constellation was one of the top
performing stocks in the S&P 500 Consumer Staples Index. Constellation is the
number three beer company in the U.S. with high-end, iconic imported brands
including Corona Extra, Corona Light, Modelo Especial, Negra Modelo and
Pacifico. Constellation is also the world's leader in premium wine selling great
brands that people love including Robert Mondavi, Clos du Bois, Kim Crawford,
Rex Goliath, Mark West, Franciscan Estate, Ruffino and Jackson-Triggs. The
company's premium spirits brands include SVEDKA Vodka and Black Velvet Canadian
Whisky.
Based in Victor, N.Y., the company believes that industry leadership involves a
commitment to brand-building, our trade partners, the environment, our investors
and to consumers around the world who choose our products when celebrating big
moments or enjoying quiet ones. Founded in 1945, Constellation has grown to
become a significant player in the beverage alcohol industry with more than 100
brands in its portfolio, sales in approximately 100 countries, about 40
facilities and approximately 7,200 talented employees. We express our company
vision: to elevate life with every glass raised. To learn more, visit
www.cbrands.com.
CONTACTS:
Media
Cheryl Gossin: 585-678-7191
Amy Martin: 585-678-7141
Investor Relations
Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Constellation Brands Inc via GlobeNewswire
[HUG#1928508]
Unternehmensinformation / Kurzprofil:
Datum: 15.06.2015 - 14:30 Uhr
Sprache: Deutsch
News-ID 400434
Anzahl Zeichen: 4782
contact information:
Town:
Victor
Kategorie:
Business News
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