Molson Coors chief executive Gavin Hattersley plans to retire by Dec. 31, 2025, after nearly 28 years in the beer industry, including more than six years as president and CEO. Hattersley informed the company and the Board of Directors of his decision, prompting the Board to initiate a search process for his successor.
The Board’s Governance Committee will lead the search, considering both internal and external candidates with the assistance of a nationally recognized search firm. Board Chair Geoff Molson remarked on Hattersley’s leadership, stating, “Gavin has been a steady hand at the wheel as CEO, navigating through incredible challenges that no one could ever have predicted while guiding our Company to growth, strengthening our foundation, and setting us up for an even brighter future to come.”
Since joining the beer industry with South African Breweries (SAB) in 1997, Hattersley has held various leadership roles, including as the first South African to move into the U.S. business when SAB acquired Miller in 2002. He has helped the company significantly grow its business, reaching annual net sales revenue of $11.6 billion and underlying income before income taxes of $1.6 billion in 2024.
Hattersley became CEO of Golden and Montreal-based Molson Coors in September 2019 and has led the company to its strongest position since its formation. His Revitalization Plan and Acceleration Plan have returned the company to growth, achieving record net sales and underlying income, the company said. Under his leadership, the company reduced net debt by nearly 40% since 2019 and has transformed its portfolio.
Hattersley also emphasized his pride in the team he has developed, stating, “We have accomplished so much over the past six years and one thing I’m certain of is that none of it would have been possible without each of the 16,000 people across our business.”
The Board intends for the next CEO to build on Hattersley’s legacy, continuing to strengthen core brands and expand the company’s growth initiatives.
