Sergey Yeskov, Managing Director of Central
and Eastern Europe, to transition into the role
Molson Coors Beverage Company (NYSE: TAP) (NYSE: TAP.A) (TSX: TPX.A) (TSX:
TPX.B) today announced the retirement of Simon Cox,
president and CEO of Molson Coors European business unit. Sergey
Yeskov, the company’s current managing director of Central and
Eastern Europe (CEE), will transition into Cox’s role on January 1,
2022.
“Sergey’s well-rounded experience across geographies and
business functions, along with his people-first approach, will be
an asset to our Europe team and for our entire global business,”
said Molson Coors president and CEO, Gavin Hattersley. “Under
Sergey’s leadership, Molson Coors will continue to build strength
for our people and for our business throughout the Europe business
unit.”
Hattersley made the announcement from the company’s United
Kingdom's head office this morning and was joined by Cox and
Yeskov.
A native of Ukraine, Yeskov has held senior leadership positions
for Molson Coors throughout the world – delivering impressive
business results and building a strong reputation for his
people-first approach. Prior to serving as managing director of
CEE, he served as the president and CEO of Molson Coors
International where he lived in the United States and oversaw
operations in India, Africa, Latin America, Japan and many more
markets throughout the world. He also served as chief sales and
commercial officer in Molson Coors Canada. Prior to that, he led
Molson Coors’ businesses in Croatia and Bosnia.
Cox retires after more than three decades in the beer industry.
A master brewer by training, he worked for Molson Coors for 16
years where he led both supply chain and on trade sales teams, as
well as the strategy function in the UK before going on to
successfully run the UK business. He was subsequently selected to
run Molson Coors Europe. During that time, he built an impressive
record of success, including the acquisitions of Cobra, Sharp’s
Brewery and Aspall Cyder.
“Simon has brought our European business to where it is today,
and all of us owe him a debt of gratitude for what he has helped us
deliver and who he has helped us become,” said Hattersley. “We will
miss his conviction in our values and his unwavering commitment to
prioritizing our people, but I couldn’t be happier that he will be
able to relax, unwind and travel with his wife and kids.”
Molson Coors’ Europe business has performed strongly through
September 30, 2021, essentially reaching 2019 revenue levels in the
third quarter. The business plans to keep this momentum up by
stepping up its European marketing investments.
About Molson Coors
For more than two centuries Molson Coors has been brewing
beverages that unite people to celebrate all life’s moments. From
Coors Light, Miller Lite, Molson Canadian, Carling, and Staropramen
to Coors Banquet, Blue Moon Belgian White, Blue Moon LightSky,
Vizzy, Leinenkugel’s Summer Shandy, Creemore Springs, Hop Valley
and more, Molson Coors produces many beloved and iconic beer
brands. While the company’s history is rooted in beer, Molson Coors
offers a modern portfolio that expands beyond the beer aisle as
well. Our ESG strategy is focused on People and Planet with a
strong commitment to raising industry standards and leaving a
positive imprint on our employees, consumers, communities and the
environment. To learn more about Molson Coors Beverage Company,
visit molsoncoors.com, MolsonCoorsOurImprint.com or on Twitter
through @MolsonCoors.
Forward-Looking Statements
This Press Release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. From time to time, the Company may also provide oral or
written forward-looking statements in other materials the Company
releases to the public. Such forward-looking statements are subject
to the safe harbor created by the Private Securities Litigation
Reform Act of 1995.
Statements that refer to future events or circumstances are
forward-looking statements, and include, but are not limited to,
the Company’s, projections of future financial performance, our
anticipated results and leadership expectations. In addition,
statements that the Company makes in this press release that are
not statements of historical fact may also be forward-looking
statements. Words such as “expects,” “intend,” “goals,” “plans,”
“believes,” “continues,” “may,” “anticipate,” “seek,” “estimate,”
“outlook,” “trends,” “future benefits,” “potential,” “projects,”
“strategies,” and variations of such words and similar expressions
are intended to identify forward-looking statements.
Forward-looking statements are subject to risks and
uncertainties that could cause actual results to be materially
different from those indicated (both favorably and unfavorably).
These risks and uncertainties include, but are not limited to,
expectations regarding the impacts of the coronavirus pandemic on
our business, smooth transition of leadership, our ability to
deliver against the revitalization and the factors discussed in
Part I—Item 1A “Risk Factors” in the Company’s 2020 Annual Report
on Form 10-K, filed with the SEC on February 11, 2021, and those
described from time to time in the Company’s past and future
reports filed with the SEC. Caution should be taken not to place
undue reliance on any such forward-looking statements.
Forward-looking statements speak only as of the date when made and
the Company undertakes no obligation to update any forward-looking
statement, whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20211103005302/en/
News Media Marty Maloney, (312) 496-5669
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