Molson Coors Names Rahul Goyal CEO
Molson Coors Beverage Co. has named Rahul Goyal its top leader.
Goyal was promoted to the role of CEO after serving as chief strategy officer.
Goyal will take on the role on Oct. 1. Gavin Hattersley will step down to serve in an advisory role until the end of the year.
Hattersley was credited with helping to grow the Miller business and launching the MillerCoors U.S. joint venture in 2008. He also initiated a Revitalization Plan and subsequent Acceleration Plan to return the company to growth.
More: Molson Coors announced Hattersley's retirement, launching a talent search for a new CEO
The succession plan included an internal and external candidate review process.
Ultimately, the board hired Goyal for his strong institutional knowledge due to the long tenure with the company and new thinking with a focus on future growth, according to a statement from chair David Coors.
“Rahul has delivered meaningful growth in new spaces for the company thanks to his ability to build partnerships that align with the company’s strategic priorities,” said board vice chair Geoff Molson in a statement. “On top of that, he leads with authenticity and integrity and has built deep trust both inside and outside of Molson Coors, while igniting passion around our transformation journey.”
More About Goyal
He has been with Molson Coors for the past 24 years, driving progress with many of the company's recent ventures.
In his previous role, Goyal helped expand the company's portfolio by building partnerships with The Coca-Cola Co. and Fever Tree, as well as overseeing the acquisitions of Zoa and Naked Life. He also helped manage the joint venture with D.G. Yuengling and Son.
He's worked in a variety of executive roles across IT, finance and strategy, including CIO for Molson Coors in the UK and CFO in India. Goyal also helped manage commercial operations for Coors Distribution Co.
