Molson Coors has announced that Sergey Yeskov, currently chief sales and customer excellence officer of its Canada unit, has been promoted to the role of president and CEO of Molson Coors international, effective January 2018.
Yeskov led the Molson Coors Croatia and Bosnia business to sustained share and profit growth before transferring to Molson Coors Canada in 2016.
Yeskov is succeeded in his role at by Andrew Stordeur, currently vice president of sales in Milson Coors Canada’s west region.
Molson Coors CEO Mark Hunter said: “As a commercial leader with proven results and an innate understanding of what is required to achieve our first choice ambition, Sergey is a valuable addition to the MCBC Enterprise Leadership Team.”
The appointment follows the announcement that CEO of Molson Coors’s international business Stewart Glendinning has been named financial officer of Tyson Foods, joining the company on 11 December 2017.
Beginning his career at Molson Coors in 2005 as UK chief financial officer, Glendinning subsequently held the positions of global CFO, UK CEO, and Canada CEO.
Molson Coors recently recorded a net sales decrease of 2.1% in the third quarter of the year compared to the same period last year, but saw volumes rise in Europe.
Total net sales in the three months to 30 September were $2.88 billion, down from $2.94 billion in 2016. Its global brand volume of 25.5 million hectolitres increased 0.6%, due to growth in Europe (up 9.6%) and the company’s international unit (up 64.7%).
Earlier this year, Mark Hunter warned that 2017 would be a transition year following completion of the MillerCoors transaction in 2016.
© FoodBev Media Ltd 2018
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