Molson Coors Brewing Company, the world’s third largest brewer by enterprise value, today announced that Stewart Glendinning, President and CEO of Molson Coors International (MCI), will be leaving the company. He has been appointed Chief Financial Officer of Tyson Foods, an American multinational corporation based in Springdale, Arkansas, and one of the leaders in the food industry, especially chicken, beef and pork. Glendinning’s new appointment is effective February 10, 2018 but he will already join the company on December 11, 2017.
Mark Hunter, President and CEO of Molson Coors, stated, “We wish Stewart every success as he embarks on a new chapter in his career and thank him for his leadership across 12 years with Molson Coors.”
The announcement does not mention, who will succeed Glendinning, who had been with Molson Coors since 2005, having assumed several functions including inter alia CFO Molson Coors Brewing and CEO Molson Coors Canada. Before Glendinning worked with KPMG and The Hackett Group, both professional services companies where he held various senior audit and consulting roles. He has also served with various organizations within the U.S. Naval Reserve.
Molson Coors Brewing Company, which brews, markets and sells a portfolio of brands such as Coors Light, Miller Lite, Molson Canadian, Carling, Staropramen and Blue Moon, operates in Canada through Molson Coors Canada; in the US through MillerCoors; across Europe through Molson Coors Europe; and outside these core markets through Molson Coors International.
MCI was established in 2008 to expand Molson Coors’ brand portfolio outside its traditional markets. MCI is headquartered in Denver, Colorado, with more than 400 employees working in offices across the US, Europe, Asia and Latin America.