Constellation Brands finance head David Klein will take over in January as chief executive officer of pot producer Canopy Growth.
The coronavirus pandemic has caused a … He replaces Mark Zekulin, who became the company's sole head after co-CEO Bruce Linton resigned in July.Compass Point LLC analyst Rommel Dionisio called the move "very telling", considering Klein's background that included cost controls, margin improvements, and acquisition discipline.With Klein's appointment, the top two executives at Canopy are from Constellation. I look forward to working with Rob, Richard, our Board of Directors, and the Constellation Brands team to ensure we continue building on the momentum our company has gained in the marketplace for many years to come.”VICTOR, N.Y., Oct. 17, 2018 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, today announced Bill Newlands will assume the role of president and chief executive officer (CEO), succeeding current CEO Rob Sands, on March 1, 2019. Bill Newlands is Constellation’s president and chief executive officer. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Separately, Constellation said on Monday Senior Vice President Garth Hankinson will take over Klein's role at the company."It is now clear to us that Canopy will be managed as a Constellation subsidiary."Earlier in the day, Cantor Fitzgerald analyst Pablo Zuanic said in a note that there was more than a two-thirds probability to Constellation putting in a bid for Canopy in the near term.Linton had said that he was fired from the top job, days after Constellation expressed its disappointment over Canopy's 2018 results.Canopy's U.S.-listed shares rose 4.5% to $19.49 in trading before the bell, while Constellation shares were little changed."The appointment of David Klein as CEO of Canopy is disappointing only in the sense that Canopy loses any remaining perceived independence as a global cannabis company," Seaport Global analyst Brett Hundley said.Get this delivered to your inbox, and more info about our products and services.
Constellation Brands, Inc. (NYSE:STZ) Q1 2021 Earnings Conference Call July 01, 2020 11:30 AM ET Company Participants Patty Yahn-Urlaub - SVP, IR Bill Newlands - CEO Garth Hankinson - … Constellation Brands Lifts Its Stake in Canopy Growth to Nearly 40% The alcoholic beverage maker has been steadily increasing its share of the cannabis company since late 2017.
In 2017, Newlands became the company’s chief operating officer, and he assumed the role of president in early 2018.
Cuyahoga County News, Salalah Satellite Map Live, Rtx Price Drop Reddit, What Are Cottonelle Flushable Wipes Used For, Loni Love Kids, Shopify Pos Uk, The Haves And The Have Nots Quincy Jr Shot, Digicert Ssl Checker, Stevie Johnson Retirement, Airbus News Articles, Trevor Eason Age, Isaac Hayes Junior, Beyond Meat Frozen, Irwin Jacobs Qualcomm, Stmicroelectronics Nv Headquarters, Ppt Presentation Nature Life, Barter 6 Genius, Shopify Payments Vs Others, 2020 Assamese Calendar, Takeoff Martian Intro, Cancel Nintendo Switch Online, Chaim Weizmann Pronunciation, Family Craft Projects, Worcester, Ma Area Code, Applied Materials Financials, Hite Rv & Campground, Joe Biden Campaign Video, The Shepherd's Crown, Chiron Corporation Coronavirus, Starbucks Dividend Payout Ratio, Murray State Financial Aid, Benny Gantz News, Paracord Bracelet Instructions, Helicopter In Tempe Right Now, Beatrice Kitsos Child's Play, Login Page Logo, Dupont Investor Relations, Bari Style Pizza Dough, Black Milk Bomber Jacket, Global Passover Traditions, Snake Catching Pole, How To Accessorize A Lace Dress, Mahindra Mini Trucks,
