Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) today announced that
David Heede, currently Chief Financial Officer, Molson Coors Europe
(MCE), has been appointed to the role of Chief Financial Officer, Molson
Coors, on an interim basis, effective 16 November 2015.
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David Heede (Photo: Business Wire)
As interim Chief Financial Officer, Heede will sit on the Molson Coors
Executive Leadership Team (ELT) until completion of the process to
select a new permanent successor for Gavin Hattersley, CFO of Molson
Coors and CEO of MillerCoors.
Heede has held senior leadership positions with Molson Coors in Sales,
Strategy, Finance and Procurement across more than 30 years’ experience
with the organization. He was Finance Director on the UK Board of Molson
Coors before taking up his current role as Chief Financial Officer,
Molson Coors Europe, in 2013. With Business Unit leadership
accountability for Finance, IT and Strategy, Heede has played a strong
central role in the successful integration of Molson Coors’ Central
European and UK businesses.
“With more than 30 years’ experience across a range of senior commercial
and financial roles with Molson Coors, David has exceptional knowledge
of our business. An outstanding, highly respected leader, David is the
ideal person to fill Gavin’s shoes as Global Chief Financial Officer
while we complete the search for a permanent successor,” said Mark
Hunter, Chief Executive Officer of Molson Coors.
About Molson Coors
Molson Coors Brewing Company is a leading global brewer delivering
extraordinary brands that delight the world's beer drinkers. It brews,
markets and sells a portfolio of leading premium brands such as Coors
Light, Molson Canadian, Carling, Staropramen and Blue Moon across The
Americas, Europe and Asia. It operates in Canada through Molson Coors
Canada; in the US through MillerCoors; across Europe through Molson
Coors Europe; and outside these core markets through Molson Coors
International. The company is the only alcohol producer currently
recognized for world class sustainability performance through the Dow
Jones Sustainability Index. It was listed on the World Index for the
past four years and named global Beverage Sector Leader in 2012 and
2013. Molson Coors is constantly looking for ways to improve its Beer
Print. For more information on Molson Coors Brewing Company visit the
company's website, http://molsoncoors.com
or http://ourbeerprint.com
Forward-Looking Statements
This press release includes estimates or projections that constitute
“forward-looking statements” within the meaning of the U.S. federal
securities laws. Generally, the words “believe,” "expect,” "intend,”
"anticipate,” “project,” “will,” and similar expressions identify
forward-looking statements, which generally are not historic in nature.
Although the Company believes that the assumptions upon which its
forward-looking statements are based are reasonable, it can give no
assurance that these assumptions will prove to be correct. Important
factors that could cause actual results to differ materially from the
Company’s historical experience, and present projections and
expectations are disclosed in the Company’s filings with the Securities
and Exchange Commission (“SEC”). These factors include, among others,
impact of increased competition resulting from further consolidation of
brewers, competitive pricing and product pressures; health of the beer
industry and our brands in our markets; economic conditions in our
markets; additional impairment charges; our ability to maintain
manufacturer/distribution agreements; changes in our supply chain
system; availability or increase in the cost of packaging materials;
success of our joint ventures; risks relating to operations in
developing and emerging markets; changes in legal and regulatory
requirements, including the regulation of distribution systems;
fluctuations in foreign currency exchange rates; increase in the cost of
commodities used in the business; the impact of climate change and the
availability and quality of water; loss or closure of a major brewery or
other key facility; our ability to implement our strategic initiatives,
including executing and realizing cost savings; our ability to
successfully integrate newly acquired businesses; pension plan costs;
failure to comply with debt covenants or deterioration in our credit
rating; our ability to maintain good labor relations; our ability to
maintain brand image, reputation and product quality; lack of
full-control over the operations of MillerCoors; and other risks
discussed in our filings with the SEC, including our most recent Annual
Report on Form 10-K, which are available from the SEC. All
forward-looking statements in this press release are expressly qualified
by such cautionary statements and by reference to the underlying
assumptions. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. We do not
undertake to update forward-looking statements, whether as a result of
new information, future events or otherwise.
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