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Stock impact report

CEO of Corona maker Constellation Brands steps down [CNN]

Constellation Brands, Inc. (STZ) 
Last constellation brands, inc. earnings: 4/3 07:30 am Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Company Research Source: CNN
New York (CNN Business) Rob Sands, the CEO of Corona maker Constellation Brands, is stepping down. He will hand over the reins to the company's president and chief operating officer, Bill Newlands, in March, the company said Wednesday. Sands, who spent more than a decade as president and CEO of Constellation Brands ( STZ ), said Newlands has made a significant impact on the company since he joined in 2015. Bill understands what it takes to succeed in this rapidly evolving market and he's the right person to lead our company going forward, he added. Once Newlands becomes CEO, Sands will become Constellation Brands' executive chair, replacing his brother Richard Sands. Richard Sands will become executive vice chair. Constellation Brands, which also owns SVEDKA vodka and Casa Noble tequila, made a number of profitable decision with Sands at the helm. Read More In 2013, the company acquired Grupo Modelo's US beer business, including Corona and Modelo. Sands a Show less Read more
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