Constellation Brands Announces Wine & Spirits Leadership Appointments

VICTOR, N.Y. Jan. 23, 2024 – Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced two new leadership appointments within its wine and spirits division, designed to further position the business for sustained profitable growth and success over the long term.

“Over the past several years, we have transformed our wine and spirits business into a more focused, higher-end portfolio more aligned with growing sectors of the category and fueled by consumer preferences. We’ve established a solid foundation for long-term success and are now transitioning our focus towards enhancing our operational effectiveness and marketplace execution,” said Bill Newlands, Constellation Brands’ President and Chief Executive Officer. “Essential to our future success is continuing to invest in our leaders to further build skill sets and strategic orientation, while providing strong direction for our organization now and in the future.”

The leadership appointments are as follows:

Jim Casey has been promoted to SVP & Chief Sales Officer - Wine and Spirits Division, responsible for leading the division’s U.S. Wholesale commercial business. Since joining Constellation in 2018, bringing deep industry experience from various prior roles within the category, Casey has held a number of commercial leadership roles with increasing responsibility and has helped to accelerate Constellation’s consumer-led portfolio premiumization and wine and spirits business transformation efforts.   

Jennifer Russell-Smith has been promoted to SVP, Human Resources - Wine and Spirits Division, responsible for Human Resources globally across the division’s commercial, brand and operations functions. Russell-Smith joined Constellation in 2017 with the company’s acquisition of High West Whiskey, bringing valuable experience and subject matter expertise both domestically and internationally. She has held various roles of increasing responsibility within Constellation’s wine and spirits division in support of the division’s strategic business transformation.

ABOUT CONSTELLATION BRANDS

Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford and Meiomi.

As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on X, Instagram, and LinkedIn.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The words “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These statements may relate to business strategy, future operations, prospects, plans and objectives of management, as well as information concerning expected actions of third parties, including statements related to Constellation’s wine and spirits division’s future ambitions, focus, and success. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, such forward-looking statements. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur.

The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such actions will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

In addition to risks and uncertainties associated with ordinary business operations, the forward-looking statements contained in this news release are subject to other risks and uncertainties, including those disclosed from time-to-time in Constellation’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended February 28, 2023 and its Quarterly Report on Form 10-Q for the fiscal quarter ended November 30, 2023, which could cause actual future performance to differ from current expectations.