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Molson Coors Canada Inc
Symbol TPX
Shares Issued 11,104,565
Close 2021-11-03 C$ 59.00
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Molson Coors's Cox to retire as European unit CEO

2021-11-03 10:07 ET - News Release

Mr. Gavin Hattersley reports

MOLSON COORS ANNOUNCES EUROPE PRESIDENT AND CEO SIMON COX TO RETIRE AT THE END OF THE YEAR

Molson Coors Canada Inc. (Molson Coors Beverage Company) has noted the retirement of Simon Cox, president and chief executive officer of Molson Coors's European business unit. Sergey Yeskov, the company's current managing director of central and eastern Europe (CEE), will transition into Cox's role on Jan. 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 chief executive officer 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."

Mr. Hattersley made the announcement from the company's United Kingdom's head office this morning and was joined by Mr. Cox and Mr. Yeskov.

A native of Ukraine, Mr. 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 chief executive officer 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's businesses in Croatia and Bosnia.

Mr. 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 United Kingdom before going on to successfully run the United Kingdom 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 Mr. 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's Europe business has performed strongly through Sept. 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 Canada Inc.

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. The company's ESG (environmental, social and governance) strategy is focused on people and planet with a strong commitment to raising industry standards and leaving a positive imprint on the company's employees, consumers, communities and the environment.

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