Molson Coors appoints Goyal as president, CEO

Executive Summary

• Molson Coors Beverage Company’s board of directors unanimously appointed Rahul Goyal, currently the Chief Strategy Officer, as the new President and Chief Executive Officer, succeeding Gavin Hattersley.
• Mr. Goyal’s appointment is effective October 1, 2025, and he will simultaneously join the company’s board of directors.
• Outgoing CEO Gavin Hattersley will remain in an advisory role through the end of 2025 to facilitate a smooth transition.

Key Details

• New CEO: Rahul Goyal, currently serving as Chief Strategy Officer.
• Effective Date: October 1, 2025.
• Outgoing CEO: Gavin Hattersley, who served for more than six years.
• Transition Plan: Mr. Hattersley will stay on in an advisory capacity until December 31, 2025.
• Candidate Background: Mr. Goyal has a 24-year tenure at Molson Coors, starting at Coors Brewing Company in Golden, Colorado.
• Previous Roles: Held global leadership positions including Chief Information Officer for Molson Coors in the UK and Chief Financial Officer for Molson Coors in India.
• Strategic Achievements: As Chief Strategy Officer, Mr. Goyal focused on portfolio expansion, driving partnerships with The Coca-Cola Company and Fever-Tree, and leading acquisitions of ZOA and Naked Life. He also managed commercial operations for Coors Distributing Company and played a key role in managing The Yuengling Company joint venture.
• Board Reaction: Board Chair David Coors cited Mr. Goyal’s institutional knowledge, vision, and ability to drive long-term results as key factors in the selection. Board Vice-Chair Geoff Molson highlighted Mr. Goyal’s authenticity, integrity, and ability to build trust.
• CEO Statement: Mr. Goyal expressed honor in taking the role, acknowledging the company's historic legacy and the need to address future challenges and opportunities.
• Outgoing CEO Statement: Mr. Hattersley endorsed Mr. Goyal, citing his dedication, results-driven approach, and fresh perspective.

Notable Quotes

• David Coors (Board Chair): "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."
• Rahul Goyal (Incoming CEO): "I am honoured to take on the CEO role and lead this company towards its next chapter of growth... I recognize that we have a lot of work to do, and in the coming months I will share more on my vision for how we will drive growth and carry the legacy of this great company forward to reach new heights."
• Gavin Hattersley (Outgoing CEO): "He brings the same dedication that built our brands over centuries and has proven that he can deliver results, applying purpose and clarity to everything he does."