Constellation Brands (NYSE: STZ) has appointed E. Yuri Hermida as their new Executive Vice President, Chief Growth & Strategy Officer. In his new role, Hermida will be responsible for consumer insights & innovation, digital transformation, media, new business ventures, and strategy & analytics. He brings with him a wealth of experience from his time at Sovos Brands, where he served as President and Chief Growth Officer.
Hermida takes over from Mallika Monteiro, who previously led the company's growth organization. Monteiro has assumed additional responsibilities as Executive Vice President and Managing Director for the company’s beer brand portfolio.
Constellation Brands, known for its iconic imported beer brands such as Corona Extra, Modelo Especial, and Pacifico, as well as fine wine and craft spirits brands, has a strong commitment to sustainability and responsible beverage alcohol consumption.
The company's dedication has driven it to become one of the fastest-growing, large CPG companies in the U.S. at retail. Constellation Brands' mission is to build brands that people love, believing that elevating human connections is worth reaching for.
As a result of these announcements, the company's shares have moved -0.8% on the market, and are now trading at a price of $241.13. For the full picture, make sure to review Constellation Brands's 8-K report.
