Molson Coors names Rahul Goyal as new CEO effective October 1

CHICAGO - Molson Coors Beverage Company (NYSE:TAP, TAP.A), currently trading near its 52-week low at $46.57 compared to its high of $64.66, announced Monday that Chief Strategy Officer Rahul Goyal will succeed Gavin Hattersley as president and chief executive officer effective October 1, 2025. According to InvestingPro analysis, the company maintains a "GOOD" financial health score, suggesting strong operational fundamentals heading into this leadership transition.

Goyal, who has spent 24 years with the company, will also join Molson Coors’ Board of Directors. Hattersley will remain in an advisory role until the end of 2025 to facilitate the transition.

During his tenure at Molson Coors, Goyal has held executive positions across information technology, finance and strategy. As chief strategy officer, he has focused on portfolio expansion and led the company’s "beyond beer" initiatives, including partnerships with The Coca-Cola Company and Fever-Tree, as well as the acquisitions of ZOA and Naked Life. These strategic moves have contributed to the company’s $11.28 billion in revenue over the last twelve months, though InvestingPro data shows a recent revenue decline of 5.48%.

"After conducting an extensive and thorough CEO succession process that included evaluating internal and external candidates, it was clear that Rahul brought the right experience and vision that we believe is needed to drive the next phase of growth for Molson Coors," said Board Chair David Coors.

Goyal began his career at Coors Brewing Company in Golden, Colorado, and has held global leadership roles including chief information officer for Molson Coors in the UK and chief financial officer for Molson Coors in India.

"I am honored to take on the CEO role and lead this company towards its next chapter of growth," said Goyal in a statement included in the company’s press release.

Hattersley, who has served as CEO for more than six years, expressed confidence in his successor: "He brings the same dedication that built our brands over centuries and has proven that he can deliver results."

Molson Coors, known for brands including Coors Light, Miller Lite, and Blue Moon, has been expanding beyond traditional beer offerings in recent years to include seltzers, spirits and non-alcoholic beverages. The company’s strong market position is supported by its impressive 51-year track record of maintaining dividend payments and attractive valuation metrics, with a P/E ratio of 10.22. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.

In other recent news, Fevertree Drinks PLC reported steady progress in the first half of 2025, confirming it remains on track to meet full-year expectations despite challenges in the U.S. market. The company achieved a 2% revenue growth at constant currency for the six months ending June 30, with adjusted EBITDA rising 1% to £18.4 million. Margins also saw a slight increase, improving by 20 basis points to 10.7%. Meanwhile, Jefferies noted that the inventory-to-sales ratio for alcoholic beverages in the U.S. remained stable at 1.69x in July, based on U.S. Census Bureau data. Sales from wholesalers to retailers showed improvement, with only a 0.6% decline year-over-year in July, compared to larger drops in previous months. However, inventories increased by 4.2% compared to the previous year, possibly due to tariff volatility affecting trade loading. These developments provide insights into the current market dynamics for investors.

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