VICTOR, N.Y., March 11, 2024 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE:
STZ), a leading beverage alcohol company, today announced that Sam Glaetzer has
been appointed as the company's new Executive Vice President and President, Wine
& Spirits Division, effective March 11, 2024. Glaetzer succeeds Robert Hanson,
who previously held the role. In addition to Glaetzer's new responsibilities
leading the company's Wine & Spirits Division, he will also serve as a member of
Constellation's executive management committee.
"Sam is a well-rounded senior leader with a wealth of experience in wine and
spirits and a successful track record of driving commercial and operational
efficiency and effectiveness," said Bill Newlands, President and Chief Executive
Officer at Constellation Brands. "Now that our strategic wine and spirits brand
portfolio transformation is largely complete, and as we turn our focus more
squarely towards strong commercial and operational execution for this business,
Sam is uniquely equipped to lead our Wine & Spirits Division at this pivotal
time as we look to deliver growth and improved profitability."
Glaetzer brings nearly 30 years of wine and spirits industry experience to this
role. He joined Constellation Brands in 2014 as managing director of the
company's New Zealand and Australian operations. Over the better part of the
past decade, Glaetzer has served in a number of leadership capacities in areas
such as general management, international commercial sales, supply chain
operations, product quality, new product development, acquisition integrations,
and divestitures. Most recently, Glaetzer served in the role of Senior Vice
President, Global Operations and International Sales at Constellation.
"I'm excited about the opportunity to lead our Wine & Spirits team as we look to
more fully capitalize on our portfolio transformation and accelerate the overall
performance of this business going forward," said Glaetzer. "We have a solid
strategy and foundation for growth in place, and one of the most talented teams
in the industry. I look forward to working with my colleagues across our Wine &
Spirits Division, as well as our wholesaler and retailer partners, to realize
our full potential in the years ahead."
ABOUT CONSTELLATION BRANDS
Constellation Brands (NYSE: STZ) is a leading international producer and
marketer of beer, wine, and spirits with operations in the U.S., Mexico, New
Zealand, and Italy. Our mission is to build brands that people love because we
believe elevating human connections is Worth Reaching For. It's worth our
dedication, hard work, and calculated risks to anticipate market trends and
deliver more for our consumers, shareholders, employees, and industry. This
dedication is what has driven us to become one of the fastest-growing, large CPG
companies in the U.S. at retail, and it drives our pursuit to deliver what's
next.
Every day, people reach for our high-end, iconic imported beer brands such as
those in the Corona brand family like the flagship Corona Extra, Modelo Especial
and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine
wine and craft spirits brands including The Prisoner Wine Company, Robert
Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine
brands such as Kim Crawford and Meiomi.
As an agriculture-based company, we have a long history of operating sustainably
and responsibly. Our ESG strategy is embedded into our business and our work
focuses on serving as good stewards of the environment, enhancing social equity
within our industry and communities, and promoting responsible beverage alcohol
consumption. These commitments ground our aspirations beyond driving the bottom
line as we work to create a future that is truly Worth Reaching For.
To learn more, visit www.cbrands.com (http://www.cbrands.com) and follow us on X
(https://twitter.com/cbrands), Instagram
(https://www.instagram.com/constellationbrands/), and LinkedIn
(https://www.linkedin.com/company/constellation-brands).
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements. All statements other than
statements of historical fact are forward-looking statements. The word "expect"
and similar expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain such identifying words.
These statements may relate to business strategy, future operations, prospects,
plans, and objectives of management, including related to execution, growth, and
profitability of Constellation's wine and spirits business, as well as
information concerning expected actions of third parties. All forward-looking
statements involve risks and uncertainties that could cause actual results to
differ materially from those set forth in, or implied by, such forward-looking
statements. No assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur.
The forward-looking statements are based on management's current expectations
and should not be construed in any manner as a guarantee that such results will
in fact occur. All forward-looking statements speak only as of the date of this
news release and Constellation does not undertake any obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events, or otherwise.
In addition to risks and uncertainties associated with ordinary business
operations, the forward-looking statements contained in this news release are
subject to other risks and uncertainties, including the accuracy of all
projections and other factors and uncertainties disclosed from time-to-time in
Constellation Brands' filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the fiscal year ended February
28, 2023 and its Quarterly Report on Form 10-Q for the fiscal quarter ended
November 30, 2023, which could cause actual future performance to differ from
current expectations.
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 MEDIA CONTACTS                          INVESTOR RELATIONS CONTACTS
 Amy Martin 585-678-7141 /               Snehal Shah 847-385-4940 /
 amy.martin@cbrands.com                  snehal.shah@cbrands.com
 (mailto:amy.martin@cbrands.com)         (mailto:snehal.shah@cbrands.com)
 Carissa Guzski 315-525-7362 /           David Paccapaniccia 585-282-7227 /
 carissa.guzski@cbrands.com              david.paccapaniccia@cbrands.com
 (mailto:carissa.guzski@cbrands.com)     (mailto:david.paccapaniccia@cbrands.co
                                         m)

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