{"id":208810,"date":"2026-02-12T22:17:47","date_gmt":"2026-02-12T21:17:47","guid":{"rendered":"https:\/\/efecomunica.efe.com\/?p=208810"},"modified":"2026-02-13T03:33:13","modified_gmt":"2026-02-13T02:33:13","slug":"constellation-brands-announces-ceo-succession-plan","status":"publish","type":"post","link":"https:\/\/efecomunica.efe.com\/en\/constellation-brands-announces-ceo-succession-plan\/","title":{"rendered":"Constellation Brands Announces CEO Succession Plan"},"content":{"rendered":"
\n

(Statement issued by the company (Announcement)<\/span><\/p>\n

Constellation<\/strong> Brands<\/strong>, Inc<\/strong>. (NYSE: STZ), a leading beverage alcohol company<\/strong>, today announced that its Board of Directors has appointed Nicholas Fink as the company\u2019s next President and Chief Executive Officer, effective April 13, 2026. Fink, a member of Constellation\u2019s Board of Directors since 2021, will succeed current President and CEO Bill Newlands, and will continue to serve on the company\u2019s Board. Newlands will step down as President and CEO effective April 13, 2026, and will continue to serve as a strategic advisor over the next several months to help ensure a smooth transition of leadership responsibilities. In addition, Newlands will retire from the company\u2019s Board effective April 13, 2026.<\/p>\n

\u201cOver the past several years, Constellation<\/strong> Brands<\/strong>\u2019 Board of Directors has engaged in a thoughtful and comprehensive CEO succession planning process, and we are excited to welcome Nick<\/strong> as our next President and CEO<\/strong>,\u201d said Constellation Brands Board Chair<\/strong> Chris Baldwin. \u201cNick has a diversified set of leadership experiences and is an accomplished beverage alcohol executive with a deep understanding of Constellation\u2019s business model, having served as a member of the company\u2019s Board for the past five years. Nick will bring unique perspective and capabilities that will benefit Constellation and its stakeholders as we position the company for long-term success in a rapidly evolving and hyper-competitive environment.\u201d<\/p>\n

Fink brings a track record of successfully leading a public, multi-category business, beverage alcohol<\/strong> industry<\/strong> experience, and visionary leadership with a proven ability for building new growth platforms and strong premium lifestyle brands that evolve with changing consumer demands. He has served as Chief Executive Officer at Fortune Brands Innovations, a leading global home, security, and digital products company since January 2020. As CEO, Fink guided Fortune Brands Innovations through the COVID-19<\/strong> pandemic<\/strong>, accelerated its digital transformation, spearheaded the company\u2019s transformation to focus on growing sectors of the market, and delivered consistent market outperformance. Prior to joining Fortune Brands Innovations, Fink served in a number of senior leadership roles at Suntory Global Spirits over a nine-year span, including responsibilities as President, Asia Pacific and South America, and Senior Vice President, Chief Strategy Officer.<\/p>\n

\u201cI\u2019m excited to join the Constellation Brands team in my new capacity as President<\/strong> and CEO<\/strong> and to continue building on the company\u2019s strong track record of industry leadership,\u201d said Fink. \u201cI\u2019ve long admired Constellation\u2019s ability to build iconic brands that resonate strongly with consumers. I look forward to getting out into the market, engaging with team members and industry partners across the business, and working with the Constellation team to further build on the company\u2019s core strengths which include building great brands and leveraging innovation to satisfy more consumer occasions, while developing new growth platforms that meet the evolving needs of consumers as the landscape continues to shift within the beverage alcohol sector.\u201d<\/p>\n

Fink will succeed Newlands, who joined Constellation Brands in 2015 and has served as the company\u2019s President and CEO since 2019.<\/p>\n

\u201cWe want to thank Bill for his leadership as part of the Constellation Brands team for more than a decade, including the past seven years as President and CEO,\u201d said Baldwin. \u201cDuring Bill\u2019s time as President and CEO, Constellation Brands consistently ranked among the top growth leaders among large CPG companies, and Modelo Especial became the #1 selling beer in U.S. dollar sales. Bill also oversaw the reshaping of Constellation\u2019s Wine & Spirits portfolio, which now consists entirely of a powerful collection of higher-end, higher-margin brands aligned with consumer trends.\u201d<\/p>\n

\u201cUnder Bill\u2019s direction, we\u2019ve established a strong leadership team and a portfolio of iconic brands that are outperforming the market, and a disciplined approach to financial management and capital allocation,\u201d Baldwin continued. \u201cThanks to these efforts, Constellation Brands has a solid foundation from which to continue building upon.\u201d<\/p>\n

\u201cIt has been a tremendous honor to serve as President and CEO at Constellation Brands,\u201d said Newlands. \u201cAs I\u2019ve consistently said throughout the years, we have the best team in the business, a strong portfolio of brands people love, a consumer-obsessed focus on innovation, and a strong leadership team focused on delivering what\u2019s next. I look forward to working with Nick in the coming months to help ensure a smooth transition, and I\u2019m excited to see what the team achieves in the years ahead under Nick\u2019s leadership.\u201d<\/p>\n

ABOUT CONSTELLATION BRANDS<\/strong>
\nConstellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It\u2019s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what\u2019s next.<\/p>\n

Every day, people reach for brands from our high-end, imported beer portfolio anchored by the iconic Corona Extra and Modelo Especial, a flavorful lineup of Modelo Cheladas, and favorites like Pacifico, and Victoria; our exceptional wine brands including The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, and Lingua Franca; and our craft spirits brands such as Casa Noble Tequila and High West Whiskey.<\/p>\n

As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For.<\/p>\n

To learn more, visit www.cbrands.com<\/a> and follow us on LinkedIn<\/a> and Instagram<\/a>.<\/p>\n

FORWARD-LOOKING STATEMENTS<\/strong>
\nThis news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The word \u201cexpect\u201d and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans, and objectives of management, including the expected timing and plans for the President and CEO succession, including Fink\u2019s and Newlands\u2019 new roles and Newlands retiring from the Board, the smoothness of the leadership transition, the company\u2019s ability to achieve long-term success in a rapidly evolving and hyper-competitive environment and to continue building on the company\u2019s strong track record of industry leadership, solid foundation, and core strengths while developing new growth platforms that meet the evolving needs of consumers as the landscape continues to shift within the beverage alcohol sector, as well as information concerning expected actions of third parties. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements.<\/p>\n

The forward-looking statements are based on management\u2019s current expectations and should not be construed in any manner as a guarantee that any of the events anticipated by the forward-looking statements will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.<\/p>\n

In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including the accuracy of all projections, and other factors and uncertainties disclosed from time-to-time in Constellation Brands\u2019 filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2025, which could cause actual future performance to differ from current expectations.<\/p>\n\n\n\n\n
MEDIA CONTACTS<\/strong><\/td>\nINVESTOR RELATIONS CONTACTS<\/strong><\/td>\n<\/tr>\n
Amy Martin 585-678-7141 \/ amy.martin@cbrands.com<\/a><\/td>\nBlair Veenema 585-284-4433 \/ blair.veenema@cbrands.com<\/a>
\nSnehal Shah 847-385-4940 \/ snehal.shah@cbrands.com<\/a>
\nDavid Paccapaniccia 585-282-7227 \/ david.paccapaniccia@cbrands.com<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Photos accompanying this announcement are available at:<\/p>\n

https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/6627c9b8-1f0c-4962-9dab-0e9fd056e70e<\/a><\/p>\n

https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/e3bfa57e-4a3c-4932-ac15-b530e6c67157<\/a><\/p>\n

A downloadable PDF copy of this news release can be found here:\u00a0http:\/\/ml.globenewswire.com\/Resource\/Download\/6a80854c-53b4-4429-9582-75b4f3e2a25d<\/a><\/p>\n


\n<\/p>\n

AGENCIA EFE S.A.U.,S.M.E. shall not be liable for any information contained in this message and assumes no responsibility towards third parties in relation to its contents, being expressly exempt from any liability that the author may have in relation to the information in question. Agencia EFE reserves the right to distribute the press release on the news wire, or to publish it on EFE Comunica.<\/span><\/i><\/p>\n<\/div>\n

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(Statement issued by the company (Announcement) Constellation Brands, Inc. 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