Constellation Brands, Inc. announced that the Company and Robert Hanson, who has led the transformation of the company?s Wine & Spirits business since 2019, have mutually agreed that Mr. Hanson will step down from his role as Executive Vice President and President of the company?s Wine & Spirits Division, at the end of Constellation?s fiscal year on February 29, 2024. The company has initiated a search to identify a successor. Bill Newlands, President and Chief Executive Officer, will assume responsibilities as interim leader for the company?s Wine & Spirits Division, in addition to his existing responsibilities, until a successor is named.

Newlands and Hanson will work together over the coming weeks to ensure a smooth transition of leadership. Hanson joined Constellation in June 2019 after successfully serving in CEO and President positions at John Hardy Global Limited, American Eagle Outfitters, and Levi Strauss & Co. He also served as a valued member of Constellation?s Board of Directors from 2013 to 2019.

Under Hanson?s leadership over the past four-and-a-half years, the company?s Wine & Spirits Division has significantly reshaped its brand portfolio through a series of divestitures of lower-end brands, several tuck-in acquisitions of higher-end fine wine and craft spirits brands, consumer-led innovation, and by establishing a strong operational foundation for long-term success and more profitable growth.