WSJ: Bill Newlands and Others Leaving Beam

FILED APRIL 18, 2014

Dear Client:

The Wall Street Journal is reporting that three executives have signaled their "intention to resign" from Beam Inc. in the wake of the Suntory Holdings acquisition. Bill Newlands, president of the North American region and cfo Bob Probst will resign effective May 31, and corporate controller Leo Mierzwicki is resigning as of July 10.

Bob told the Journal that Leo and he "each made personal decisions to resign and pursue other professional opportunities." But according to the article, Beam says: "For both, their decisions were linked to the changes of their roles as a result of the takeover."

However, Bill has entered into a consulting agreement with Beam North America "to provide strategic guidance...about three days a week."

The Beam/Suntory deal is still expected to close April 28.

Until Monday, Emily

"I've been all over the world and I've never seen a statue of a critic."
- Leonard Bernstein

---------- Sell Day Calendar ----------
Today's Sell Day: 14
Sell days this month: 22
Sell days this month last year: 22
This month ends on a: Weds.
This month last year ended on a: Tues
YTD sell days Over/Under: +0

------------------------------------------------

ANNOUNCING THE WINE & SPIRITS DAILY SUMMIT

We are happy to announce that our Wine & Spirits Daily Summit is taking place in Denver, Colorado at the Four Seasons Hotel on June 4-5, 2014. Come join executives across the industry, in addition to Wall Street analysts, advertising executives, consultants and more.

Our speakers include Kevin George, svp, global cmo for Beam Inc.; Stephen O'Neill , svp, strategy and transformation, Pernod Ricard USA; David King, president and coo of Anchor Distilling Company; Mike Lakusta , ceo, EthniFacts speaking on multicultural consumer trends; Danny Brager, svp, Nielsen; John Beaudette, ceo, MHW Ltd.; Donna Hood Crecca, senior director, Technomic; a craft distiller panel with Sam Seiller, evp & managing director for Angel's Envy, Melkon Khosrovian, co-founder of Greenbar Distillery, and Steve Johnson, president and ceo at Vermont Spirits Distilling Co.; and an on-premise retailer panel with Mac Gregory, director of food and beverage, North American division for Starwood Hotels & Resorts Worldwide , and Ryan Arnold, divisional wine director, Lettuce Entertain You Enterprises.

Our tentative schedule is now available.

Register online here: https://winespiritsdaily.com/register.php?id=7. You may also sign up over the phone by calling Kim Nelson at 210.805.8006. To sign-up via fax, please fill out this form>> and then fax it to 888.256.6550 or email it to kim@beernet.com.

To learn more about the Summit, please visit our website by clicking this link: http://www.winespiritsdaily.com/summit.php

------------------------------------------------------------

MAKE YOURSELF HEARD, your opinions count. Anonymous feedback and tipster form: http://www.winespiritsdaily.com/hotline.php

WINE & SPIRITS DAILY
Subscribe or check back issues at: www.winespiritsdaily.com
Send news and comments in confidence to: emily@winespiritsdaily.com or give her a call at 210.805.8006

© 2014 Wine & Spirits Daily, all rights reserved. Please, no forwarding or copying. May quote with attribution. Individual subscriptions $380/year. Corporate rates available.

Follow me on Twitter http://twitter.com/WineSpiritDaily

Editor-in-Chief: Megan Metcalf - megan@winespiritsdaily.com
Editor: Emily Pennington - emily@winespiritsdaily.com
Customer Service: Kim Nelson - kim@beernet.com

We have a new mailing address: 909 NE Loop 410, Suite 720
San Antonio, TX 78209

Go back to listing Go to next article Go to previous article

Comments

Top Secret News Hotline:

Got wine and spirits news for WSD?

Submit Anonymously
twitter facebook