06 April, 2017

USA: MillerCoors CEO made about $5.5 mln last year

CEO Gavin Hattersley, the man at the helm of MillerCoors' ongoing turnaround mission, made about $5.5 million in total compensation last year, according to filings with the Securities and Exchange Commission on April 5.

Hattersley's compensation — a mix of base salary, stock and option awards, incentive pay and pension value — more than doubles his $2.4 million in compensation from 2015, when he was promoted to MillerCoors CEO. Hattersley was previously chief financial officer for parent company Molson Coors.

Chicago-based MillerCoors is now solely owned by Molson Coors. Last year, SABMiller sold its 58 percent stake in MillerCoors to Molson Coors, which already owned the rest, for $12 billion — a key divestiture for Anheuser Busch InBev as it acquired SABMiller in the $108 billion "megabrew" deal.

Under Hattersley's leadership, MillerCoors is trying to stop the volume sales decline by 2018 and return to growth by 2019.

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