Constellation Brands Appoints Sam Glaetzer as EVP of Wine & Spirits

By Tamara Parker • Tuesday, March 12 06:02 • Permanent Link

Constellation Brands (NYSE: STZ) has appointed Sam Glaetzer as the new Executive Vice President and President of the Wine & Spirits division, effective March 11, 2024. Glaetzer brings nearly 30 years of industry experience to the role, having joined Constellation Brands in 2014 and serving in various leadership capacities over the past decade.

Under his new responsibilities, Glaetzer will also be a member of Constellation's executive management committee. According to Bill Newlands, President and CEO of Constellation Brands, Glaetzer's appointment comes at a crucial time as the company shifts its focus towards strong commercial and operational execution for its wine and spirits business.

Glaetzer expressed his excitement about the opportunity, stating that the wine & spirits division has a solid strategy and foundation for growth, along with one of the most talented teams in the industry. He aims to work with his colleagues across the division, as well as with wholesaler and retailer partners, to realize the full potential of the business in the years ahead.

Constellation Brands is known for its operations in the U.S., Mexico, New Zealand, and Italy, producing and marketing beer, wine, and spirits. The company's portfolio includes iconic imported beer brands such as those in the Corona brand family, fine wine and craft spirits brands, and premium wine brands. Constellation Brands is also committed to operating sustainably and responsibly, with a focus on enhancing social equity and promoting responsible beverage alcohol consumption.

As the company looks to capitalize on its portfolio transformation and accelerate the overall performance of its wine and spirits division, Glaetzer's appointment marks a significant move in Constellation Brands' leadership as it aims for growth and improved profitability in this segment. As a result of these announcements, the company's shares have moved 1.7% on the market, and are now trading at a price of $261.98. For the full picture, make sure to review Constellation Brands's 8-K report.

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