CANADA/US: StarBev buy prompts CFO switch for Molson Coors
Molson Coors has lined up a raft of executive promotions, which will include a change of CFO, following its proposal to acquire StarBev.
The North American brewer, which announced its intention to buy StarBev from CVC Capital Partners for US$3.54bn last month, said earlier today (8 May) that the head of its UK & Ireland unit, Mark Hunter, will replace Alain Beyens as CEO of StarBev. Taking Hunter's place will be Stewart Glendinning, Molson Coors' current global CFO.
Glendenning returns to Molson UK, having been CFO of the unit prior to his current position. He joined the company in 2005 from The Hackett Group.
Beyens, meanwhile, will leave the company once the purchase is closed, which is expected during the second quarter.
Gavin Hattersley, the CFO of MillerCoors, will become Molson Coors' new global CFO. He has held the role at the unit, which is jointly-owned with SABMiller, since it was set up in 2008.
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