North American brewing company Molson Coors has appointed Mark Swartzberg as its global vice-president of investor relations.
He will take up his new role on 15 October 2018.
Swartzberg will succeed Dave Dunnewald, who retired in June of this year.
An Ideal Candidate
Swartzberg is well-known as an influential beverage analyst and has been in the industry for almost two decades.
“Mark’s deep knowledge of our business combined with his understanding of the capital markets, makes him the ideal candidate to strengthen Molson Coors’ relationships within the financial community and enhance our overall investor relations program,” said Molson Coors' chief financial officer, Tracey Joubert.
His accurate analysis and forecasts have been recognised by The Wall Street Journal and StarMine, according to the company.
Before joining Molson Coors, Swartzberg spent 16 years at Stifel Nicolaus as a managing director of equity research. He covered publicly-traded beverage companies for the US-based stock-trading company.
He began his career with Shearson Lehman Hutton, and later worked for various firms including Bowles Hollowell Conner & Co, Salomon Smith Barney and ABN AMRO.
He holds a master’s degree in business administration from Harvard, as well as a bachelor’s degree in history and political science from Duke University.
“The executive leadership team is looking forward to leveraging Mark’s expertise as we share our plans to achieve sustainable, profitable growth and deliver long-term shareholder value,” Joubert added.
Molson Coors has been in the brewing business for more than two centuries, producing drinks like Coors Light, Coors Banquet, Miller Lite, Molson Canadian, and many more.
In May of this year, the company reported net sales of $2.33 billion (€1.95 billion), a decrease of 4.8%, in the first quarter of its financial year.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.
