New MillerCoors Names England CMO, Taps Other Execs
New MillerCoors Names England CMO, Taps Other Execs
New MillerCoors Names
SABMiller plc and Molson Coors Brewing have given further details about the executive lineup for their newly partnered brewery holdings, five days after the U.S. Department of Justice Okayed the joint venture.
Andy England will become chief marketing officer for the new company, to be named MillerCoors and set to launch just after the transaction closes on July 1.
In addition to naming
All told, the leadership for the new company contains seven executives from Miller and seven from Coors. Kiely said in a news conference announcing the lineup that the even split was intentional.
“We had an eye on balance,” he said.
Both SABMiller and Molson Coors will have equal voting rights in the new venture, although Miller will have a 58% economic stake in MillerCoors.
After having their joint venture cleared by the Justice Department on June 5, the companies said in a release that they expect the combined operation to lead to cost savings of $500 million annually by its third year.
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