World: Molson Coors Beverage Company's CEO to retire at the end of 2025

Molson Coors Beverage Company's chief executive officer and industry veteran Gavin Hattersley will retire at the end of 2025 after six years in the role, the Coors Light maker said on April 14.

Hattersley's retirement comes as alcoholic beverage makers are under pressure from U.S. President Donald Trump's tariffs on imports from Canada, Mexico and China - key suppliers of essential ingredients and materials for the industry.

The company stated that it would look at both internal and external candidates to find a replacement for Hattersley, who has been in the beer industry since 1997, including a long tenure at South African Breweries.

Hattersley was also involved in the creation of the MillerCoors joint venture in the United States in 2008, following SAB's acquisition of Miller in 2002

He later became CEO of Molson Coors in 2019, about three years after their acquisition of MillerCoors, making them the third largest global brewer at the time.

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