Constellation Brands Announces Senior Management Changes to Its International Business
05 Junho 2009 - 9:30AM
PR Newswire (US)
VICTOR, N.Y., June 5 /PRNewswire-FirstCall/ -- Constellation
Brands, Inc. (NYSE:STZNYSE:ASX:NYSE:CBR), the world's leading
producer of premium wines, announced today that Jon Moramarco,
chief executive officer of Constellation International, will leave
the company effective June 30, 2009. "Jon has been a highly valued
member of the management team since 1999 and his strategic insight,
knowledge and vast wine industry experience have helped us build a
portfolio of brands that is unrivalled in the industry," said Rob
Sands, president and chief executive officer (CEO). "Jon's
significant contributions are very much appreciated and we thank
him for his many years of service." (Logo:
http://www.newscom.com/cgi-bin/prnh/20040119/STZLOGO ) With this
change, the company also announced that Paul Hetterich will oversee
the international business of Constellation Europe, Constellation
Wines Australia and Constellation New Zealand as executive vice
president, business development, corporate strategy and
international. Reporting to Hetterich, will be Troy Christensen,
who will assume responsibility for Constellation Wines Australia in
addition to his current duties as president of Constellation
Europe; and Joe Stanton, CEO of Constellation New Zealand. John
Grant, president of Constellation Wines Australia, will report to
Christensen. The reporting changes are effective immediately. "As
we continue to evaluate the organization and look to position the
company for long-term success, refining and simplifying our
international organization provides opportunities for increased
synergies within the U.K. and Australian markets," said Sands. "We
anticipate significant benefits from a leaner and more flexible
international organization as we continue toward our goal of
improving efficiencies, profit, cash flow and return on invested
capital as well as paying down debt." In addition to assuming the
helm of the international business, Hetterich will continue to lead
the company's mergers, acquisitions and divestiture initiatives and
strategic planning. He joined the Canandaigua Wine Company in 1986
and has held a number of positions in brand management, business
development and corporate strategy. In 2003, he was named a company
executive officer when he was promoted to executive vice president
business development and corporate strategy. Christensen joined
Constellation Brands in 1997 holding a number of domestic and
international roles including being named chief financial officer
of Constellation Europe in 2006 and president of Constellation
Europe in 2007. Stanton has served as CEO of Constellation New
Zealand since 2004. Grant was appointed president of Constellation
Wines Australia in 2007. About Constellation Brands Constellation
Brands, Inc. is the leading producer of premium wines in the world,
with a portfolio that includes many well-known and highly regarded
wine brands, complemented by spirits, imported beers and other
select beverage alcohol products. The company has significant
market presence in the U.S., Canada, U.K., Australia and New
Zealand. Based in Victor, N.Y., the company has more than 100
strong consumer brands in its portfolio, sales in about 150
countries and operates approximately 50 wineries and other
facilities. It is the largest premium wine company in the U.S.; the
largest wine company in the U.K., Australia and Canada; the second
largest wine company in New Zealand; and the largest beer importer
and marketer in the U.S. through its Crown Imports joint venture
with Mexico's Grupo Modelo. Constellation Brands is an S&P 500
Index and Fortune 1000(R) company. Major brands in the company's
portfolio include Robert Mondavi wines, Hardys, Clos du Bois,
Blackstone, Banrock Station, Arbor Mist, Estancia, Ravenswood,
Jackson-Triggs, Kim Crawford, Corona Extra, Black Velvet Canadian
Whisky and SVEDKA Vodka. To learn more about Constellation Brands
and its product portfolio visit the company's Web site at
http://www.cbrands.com/.
http://www.newscom.com/cgi-bin/prnh/20040119/STZLOGO
http://photoarchive.ap.org/ DATASOURCE: Constellation Brands, Inc.
CONTACT: Media, Angie Blackwell, +1-585-678-7141 or Cheryl Gossin,
+1-585-678-7191, Investors, Patty Yahn-Urlaub, +1-585-678-7483 or
Bob Czudak +1-585-678-7170, all for Constellation Brands, Inc. Web
Site: http://www.cbrands.com/
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