1828 ET - Molson Coors Beverage seems to be looking for an external CEO to replace Gavin Hattersley, who is departing after more than five years in the top job, TD Cowen analysts say in a research note. While the beer company described the executive search as both internal and external, the lack of a named successor suggests they will prioritize external candidates, the analysts say. "What we would like to know (but don't expect to learn) is whether the company will seek a 'change agent' for the CEO role or just someone to continue executing the current strategy." So far, its low stock valuation multiple reflects the market's lack of confidence in Molson Coors' organic growth profile, the analysts add. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 14, 2025 18:28 ET (22:28 GMT)
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