Bill Newlands will be appointed president and chief executive of alcohol producer Constellation Brands when Rob Sands leaves the role and assumes the position of executive chair in March.
Richard Sands, who is currently serving in the role of executive chair, will then take the job of executive vice chair.
Newlands joined the company in 2015 as executive vice president and chief growth officer. In 2016, he assumed additional responsibilities as president of the company’s Wine & Spirits Division before taking up the role of chief operating officer last year and subsequently president in early 2018.
Rob Sands said: “Since joining Constellation Brands in 2015, Bill has made a significant impact on our company, finding ways to leverage our unique capabilities as a leading total beverage alcohol provider to meet consumers’ evolving needs and accelerate growth. Bill understands what it takes to succeed in this rapidly evolving market and he’s the right person to lead our company going forward.”