Molson Coors CEO moving to Milwaukee area and Bringing Jobs With Him

Molson Coors Brewing Co. is laying off 500 workers worldwide and restructuring its operations as it faces declining beer sales.

The company expects to save $150 million by closing offices in Denver and elsewhere and simplifying its structure. Its four business units — U.S., Canada, Europe and International — will be consolidated into North America and Europe, with other regions reporting to those two.

Chicago will be its North American headquarters. Support functions like finance and human resources that are scattered around the U.S. will now be based in Milwaukee.

Molson Coors says it will save approximately $150 million with the new structure. It will use those savings to improve its digital marketing capabilities and introduce new products more quickly, like the canned wine and hard coffee it unveiled this year. Molson Coors says it has been working on reducing the time it takes to bring new products to market from 18 months to as little as four months in the U.S....

From Biz Times

Gavin Hattersley, chief executive officer of Molson Coors Brewing Co., has purchased a home in the Milwaukee area, which will become his permanent residence. Hattersley, who took the helm at Molson Coors in 2019, recently…

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- - Volume: 8 - WEEK: 47 Date: 11/19/2020 10:15:48 AM -