Beam Suntory names CFO, announces structural changes
Beam Suntory will operate in two segments - International and Americas
Beam Suntory has appointed a new CFO as it makes a number of management changes and restructures regional units.
John Owen, formerly the company's SVP, chief supply chain officer, has been named SVP, CFO. Owen replaces Mauricio Restrepo, who left Beam Suntory to join Molson Coors in the same role earlier this month.
The company also announced that it will change from a three-region operating model to a two-region structure. This includes combining its Asia and Japan units and integrating them into its International segment. The second segment is Americas.
"This new alignment means we'll have two dynamic, powerhouse regions with similar economic scale," CEO Matt Shattock said. "Americas is anchored in the US, the world's most profitable market, where we hold the number two market position, and also includes exciting emerging market opportunities throughout Latin America.
"International will drive growth in mature markets like Japan and developed Europe, while seizing emerging market opportunities across Asia and Eastern Europe," he added. The regions are led by Americas president Tim Hassett and International president Albert Baladi.
Meanwhile, Windy Koizumi, currently president of Beam Suntory Japan, will be promoted to the newly-created position of President, Asia. In this Singapore-based role, Koizumi will have responsibility for Japan, China, Taiwan, South Korea and Southeast Asia. He will report to Albert Baladi and remain a member of the Beam Suntory executive leadership team.
Sho Senba, who has worked at Suntory for 31 years, will succeed Koizumi as SVP managing director of Beam Suntory Japan. He currently serves as COO, group strategy planning of Suntory Holdings and chairman of Suntory China Holdings.
The changes will come in to effect on 1 July.
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