Constellation executive vice-president departs
E Yuri Hermida, executive vice-president and chief growth and strategy officer at Constellation Brands, will leave the company on 28 February.
The firm said he intends to “pursue career interests outside the organisation”.
Mallika Monteiro, executive vice-president and managing director of beer brands, will serve as interim chief growth and strategy officer, in addition to her current responsibilities.
“Yuri made a difficult decision to leave Constellation Brands to pursue a life-long career goal and we wish him the very best in his future endeavours,” said Bill Newlands, president and chief executive officer at Constellation Brands.
“Mallika will serve as interim chief growth and strategy officer, in addition to her current responsibilities leading our beer marketing organisation, as we work through this transition. She is well-versed in the important work being done across all facets of our growth team, having served as Constellation’s former chief growth and strategy officer.
“I look forward to our growth team’s continued contributions as we progress towards our company’s long-term aspirations.”
Constellation Brands’ portfolio includes High West whiskey, Mi Campo Tequila, Casa Noble Tequila and Nelson’s Green Brier. It offloaded Svedka vodka to Sazerac at the beginning of this year.
Sam Glaetzer was appointed head of Constellation Brands’ wine and spirits division in March 2024, following the departure of Robert Hanson.
In its most recent financial results, wine and spirits net revenue fell by 14%, causing the US firm to lower its sales and profits forecast for the second quarter in a row.
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