Phil Whitehead appointed president of Molson Coors’ EMEA and APAC division
Phil Whitehead has been appointed as Molson Coors Beverage Company’s president and chief executive officer of its EMEA and APAC division.
According to news reports, his appointment comes as the international beverage producer and distributors looks to grow its market share Europe, the Middle East, Africa and Asia-Pacific.
Whitehead joined the company in 2006 and has previously held the positions of managing director with Molson Coors’ Western Europe region where he oversaw the company’s brands of Carling and Coors and oversaw the introduction of such international beverage brands as Staropramen, Cobra and Madri Excepcional.
In November, Molson Coors Beverage Company released its 2024 third quarter results. The company reported that in the third quarter of 2024, net sales declined 7.8% and underlying income before income taxes declined 8.7% on a constant currency basis. Its EMEA&APAC business unit performed strongly as did Canada within the company’s Americas business unit. However, the U.S. was challenged with the macroeconomic environment along with anticipated unfavorable shipment timing and the wind down of a contract brewing agreement contributing to a U.S. financial volume decline of 17.9%.
In Canada, broad strength across the company’s portfolio fueled strong revenue and share performance amid a challenging backdrop in the third quarter.
"We have continued to advance our Acceleration Plan and remain confident in our long-term growth potential,” said Gavin Hattersley, president and chief executive officer. “While the U.S. industry was softer than expected during the summer, our core power brands remain strong. Our businesses in EMEA&APAC and in Canada are performing strongly. Not only are they supporting our premiumization goals, but they serve as proven examples to the U.S. where we have targeted plans in both above premium beer and beyond beer. And underpinning all of this are our robust capabilities that fuel insights-led innovation, commercial effectiveness, and supply chain efficiencies - all of which help drive sustained, long-term profitable growth."
