The biggest spirits stories of 2018

11th January, 2019 by Nicola Carruthers

Shattock to step down

It’s all change at the top for Beam Suntory, with CEO Matt Shattock set to step down from his role this year.

In October, the company announced that Albert Baladi, chief operating officer and president – North America, would succeed Shattock, who will remain a member of the firm’s board as non-executive chairman and a member of the Suntory Holdings board. Effective April 2019, Shattock will transition his responsibilities to Baladi.

Shattock has held the position for 10 years, including five since the Beam and Suntory merger. During his tenure, annual sales have grown to US$4.3 billion from US$2bn to date, and he has led the company through a number of transformations.

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