Molson Coors CEO Gavin Hattersley Announces Retirement Plan for 2025
Denver, Monday, 14 April 2025.
CEO Gavin Hattersley of Molson Coors plans to retire by year’s end, initiating a significant leadership transition that could influence the company’s future strategic direction.
Leadership Transition at Molson Coors
Gavin Hattersley has been steering Molson Coors Beverage Company as President and CEO for over six years, during which the company achieved notable financial benchmarks, including hitting an annual net sales revenue of $11.6 billion and an underlying income before taxes of $1.6 billion in 2024 [1]. His impending retirement by the end of 2025 signifies a pivotal transition for the company, listed under the trading symbol NYSE:TAP [2]. As of April 2025, Hattersley has confirmed his retirement plans, prompting the board to commence a search for his successor [1][2].
Gavin Hattersley’s Impact on Molson Coors
Over his tenure, Hattersley contributed extensively to Molson Coors’ growth trajectory, characterized by significant strategic reshaping. This included reducing the company’s net debt by nearly 40% since 2019 and initiating its transformation into a comprehensive beverage entity [1]. By augmenting Molson Coors’ market presence and aligning its strategic objectives, he has laid a strong foundation for future endeavors, ensuring the company’s readiness for continued expansion and innovation [1].
Board’s Search for Successor
The Molson Coors Board of Directors, in response to Hattersley’s announcement, has begun a diligent search for the next CEO. This process is being overseen by the Governance Committee and facilitated by a nationally recognized executive search firm [1]. The choice of successor is particularly crucial as investors closely monitor the company’s strategic orientation post-Hattersley and its potential implications on stock market performance [2].
Market Reactions and Stake Adjustments
Reflective of market dynamics, notable adjustments have been observed in shareholder positions. In Q4 2024, institutions like Legal & General Group Plc and Alliancebernstein L.P. reduced their stakes significantly, by 27.4% and 30.0% respectively, while Invesco Ltd. and National Bank of Canada FI increased theirs, indicating varying degrees of confidence in Molson Coors’ future strategic prospects [2]. These changes underscore the belief in Molson Coors’ evolving role amidst Hattersley’s upcoming departure and the anticipated leadership transition [alert! ‘Real-time market sentiment analysis required’].