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Molson Coors Beverage Company CEO Gavin Hattersley Announces Plans to Retire by End of 2025; Board Launches Search Process

1. Molson Coors CEO Gavin Hattersley plans to retire by December 2025. 2. Leadership change may affect strategic direction and investor sentiment.

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FAQ

Why Bearish?

The impending retirement of an established CEO can lead to uncertainty, impacting investor confidence. Historical cases show that such transitions often create volatility in stock prices as new leadership is assessed.

How important is it?

The CEO's retirement is significant for Molson Coors' strategic future, impacting market perceptions and potential growth outlook. Changes at the executive level often catalyze market reactions that can significantly influence stock price.

Why Long Term?

As the retirement is set for 2025, long-term strategic changes may unfold. Companies often take time to adjust post-leadership changes, impacting performance over an extended period.

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GOLDEN, Colo. & MONTREAL--(BUSINESS WIRE)--Molson Coors Beverage Company (“Molson Coors” or the “Company”) (NYSE: TAP, TAP.A; TSX: TPX.A, TPX.B) today announced that after 28 years in the beer industry, including over six years as President and CEO of Molson Coors Beverage Company, Gavin Hattersley has informed the Company and the Board of Directors (the “Board”) that he intends to retire from the Company and as a member of the Board, in each case, by December 31, 2025. In accordance with the C.

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