Molson Coors CEO Gavin Hattersley to Retire by End of 2025
After six years at the helm, Molson Coors CEO Gavin Hattersley has announced his plans to retire by the end of 2025. The beverage giant’s board is actively searching for his successor with the assistance of a third-party firm.
Originally from South Africa, Hattersley brings 28 years of experience in the beer industry, having joined Miller Coors in 2002. During his tenure, Molson Coors has navigated significant shifts in the beer market, as younger consumers explore alternative beverage options.
In a statement shared on LinkedIn, Hattersley reflected on his time as CEO, highlighting the company’s strengthened supply chain and brewery investments, leading to a more robust business foundation.
Geoff Molson, chair of the company’s board, praised Hattersley’s leadership, describing him as a “steady hand at the wheel” through unforeseen challenges, guiding Molson Coors towards growth.
Under Hattersley’s guidance, Molson Coors achieved $11.6 billion in revenue in 2024 and reduced its debt by nearly 40% since 2019. His strategic decisions included restructuring the business units, streamlining operations, and expanding the company’s portfolio beyond beer into new categories.
Despite successes, Molson Coors faced obstacles such as a labor strike at a Texas facility and a cybersecurity attack disrupting beer production during Hattersley’s tenure.
Hattersley’s retirement aligns with a trend of prominent CEOs in the food and beverage industry, signaling a wave of leadership transitions.