The Boston Beer Company (NYSE: SAM) has announced a leadership change effective August 15, 2025. Michael Spillane, who has served as CEO for the past year and a half, has decided to step down to focus on personal matters. He will remain on the company’s board of directors as a non-executive director. Jim Koch, the founder, brewer, and chairman of the board, will assume the role of CEO.
Under Spillane's guidance, the company delivered one of its most profitable quarters in many years in the second quarter. The transition comes at a dynamic time for the industry, and the company is confident in the strength of its management team and strategic direction.
The Boston Beer Company, Inc. began brewing Samuel Adams beer in 1984 and has since become one of the largest and most respected craft brewers in the United States. The company has expanded its offerings beyond beer to include hard cider, hard seltzer, and hard tea. Some of its core brands include Angry Orchard Hard Cider, Dogfish Head, Samuel Adams, Sun Cruiser, Truly Hard Seltzer, and Twisted Tea Hard Iced Tea.
This transition marks a significant change in leadership for the company and comes at a time when it is experiencing notable success in its financial performance. As a result of these announcements, the company's shares have moved 1.17% on the market, and are now trading at a price of $209.51. If you want to know more, read the company's complete 8-K report here.
