Molson Coors Beverage Company has announced the appointment of Rahul Goyal as the new President and Chief Executive Officer, effective October 1, 2025. Goyal, who has been with the company for 24 years, has previously held executive roles in information technology, finance, and strategy. As Chief Strategy Officer, he has been instrumental in expanding the company's portfolio and driving growth through successful partnerships and acquisitions.
Under Goyal's leadership, Molson Coors has expanded its portfolio to reach more consumers during various occasions. This includes building partnerships with The Coca-Cola Company and Fever-Tree, as well as leading the acquisitions of ZOA and Naked Life. Additionally, Goyal has played a key role in the management of the Yuengling Company, a joint venture with D.G. Yuengling and Son.
The Board of Directors expressed confidence in Goyal's ability to drive long-term results for the company, citing his institutional knowledge and vision for future growth. Outgoing CEO Gavin Hattersley also expressed support for Goyal, stating that he is the right choice to lead the company into the future.
Goyal, in turn, expressed his honor in taking on the CEO role and leading the company towards its next chapter of growth. He emphasized the historic legacy of the company's brands and the talent of its employees, distributors, customers, and partners. Goyal also acknowledged the challenges ahead, stating that he is ready to share his vision for driving growth and carrying the company's legacy forward.
Goyal's appointment comes at a pivotal time for Molson Coors, as the company continues to expand its portfolio beyond the beer aisle, offering flavored beverages like Coors Seltzer, spirits like Blue Run Whiskey, and non-alcoholic beverages. The company's ambition is to be the first choice for its people, consumers, and customers, and its success depends on its ability to make products available to meet a wide range of consumer segments and occasions.
Following these announcements, the company's shares moved -2.47%, and are now trading at a price of $45.42. For the full picture, make sure to review MOLSON COORS BEVER's 8-K report.