Constellation Brands CEO To Step Down, Insider To Replace Him
Constellation Brands Inc's Rob Sands is stepping down as CEO, ending an era in which the family-backed alcohol producer became one of the biggest beer brewers in the United States and placed a multi-billion dollar bet on the cannabis industry.
Constellation, the maker of Corona beer and Svedka vodka, said Bill Newlands, an industry veteran and Constellation's current president, will succeed Sands as CEO.
Newlands will become the first person outside the Sands family to take the role.
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