MillerCoors JV Names Gavin Hattersley CEO, Effective Immediately - Quick Facts

(RTTNews) - MillerCoors, a U.S. and Puerto Rican joint venture between brewer SABMiller Plc. (SAB.L, SABMRY.PK) and Molson Coors Brewing Co. (TAP, TPX.TO), Wednesday said it has named Gavin Hattersley to the role of chief executive officer, following former CEO Tom Long, who retired on June 30.

Hattersley's appointment is effective immediately. Hattersley, 52, had been serving as the interim CEO of MillerCoors since July 1, in addition to his role as chief financial officer of Molson Coors.

Molson Coors has begun the process of identifying Hattersley's successor as CFO. Hattersley will remain in a dual capacity as MillerCoors CEO and CFO of Molson Coors until mid-November.

In his new role, Hattersley follows Tom Long and Leo Kiely as the previous two CEOs of the MillerCoors joint venture.

Alan Clark, Chief Executive of SABMiller, said, "Gavin knows both parent companies incredibly well and he knows the MillerCoors business better than anyone. In his few short months as interim leader, he has quickly taken action across a number of areas. He has shown a deep understanding of the strategic issues facing the business and the need to prioritize returning MillerCoors to total volume growth in the years ahead."