
April 14 (Reuters) - Molson Coors Beverage Company's TAP.N chief executive officer and industry veteran Gavin Hattersley will retire at the end of 2025 after six years in the role, the Coors Light maker said on Monday.
The company stated that it would look at internal and external candidates to find a replacement for Hattersley, who has been in the beer industry since 1997, including a long tenure at South African Breweries.
Hattersley was also involved in creating of the MillerCoors joint venture in the United States in 2008, following SAB's acquisition of Miller in 2002.
Prior to becoming CEO at Molson Coors, Hattersley led the company's U.S. business unit.
Molson Coor's stock price has grown about 6% since Hattersley took over as CEO in September 2019, about three years after its acquisition of MillerCoors, making it the third largest global brewer at the time.
The wider alcoholic beverages industry is navigating pressure from U.S. President Donald Trump's tariffs on imports from Canada, Mexico and China - key suppliers of essential ingredients and materials for spirit makers.
However, Molson Coors sources most of its ingredients locally, including in the U.S. and Canada, executives said on a post-earnings call in February after the company topped market expectations for quarterly sales and profit.