Boston Beer Company (NYSE: SAM) has announced a leadership change, with founder, brewer, and chairman of the board Jim Koch set to assume the role of CEO effective August 15, 2025. This transition comes as Michael Spillane, who has been with the company for nearly 10 years, has decided to step down as CEO to focus on personal matters. Spillane will continue to serve on the company's board of directors as a non-executive director.
During Spillane's tenure as CEO, the company delivered one of its most profitable quarters in many years in the second quarter. The company has seen dynamic growth under his leadership, especially in the craft beer and flavored malt beverage categories. Boston Beer Company has been a pioneer not only in craft beer but also in hard cider, hard seltzer, and hard tea.
Jim Koch, who previously served as CEO of Boston Beer from its founding in 1984 until January 2001, expressed confidence in the strength of the management team and the company's strategic direction. He is committed to delivering long-term value for shareholders.
Boston Beer Company, Inc. began in 1984 brewing Samuel Adams beer and has since grown to become one of the largest and most respected craft brewers in the United States. The company consistently offers high-quality products, including household names like Angry Orchard hard cider, Dogfish Head, Samuel Adams, Sun Cruiser, Truly Hard Seltzer, and Twisted Tea Hard Iced Tea. The company also has taprooms and hospitality locations in California, Delaware, Massachusetts, New York, and Ohio. The market has reacted to these announcements by moving the company's shares 1.17% to a price of $209.51. For more information, read the company's full 8-K submission here.
