FUTURE BRANDS CEO BIDS ADIEU

Future Brands president and CEO Steve Bellini will be leaving the company to pursue personal interests, the company said today. Steve has agreed with the Future Brands Board to accept a transition role working with Chairman Kevin Fennessey until February 29th. The company will be taking steps during this period to prepare for a CEO search. Meanwhile, Robert Hill was appointed to the position of cfo, replacing Barry O’Neil who left for a new opportunity.

Kevin Fennessey will reportedly take on a greater role in the management of the company working jointly with Bill Newlands, senior vp of U.S. Commercial Development for Beam to oversee day-to-day operations. As you’ll recall, Newlands was the former president of Beam Wine Estates until it was bought by Constellation. He recently rejoined Beam Global in a newly formed position after working with Constellation in the brand transition.