MillerCoors Names Interim CEO Hattersley to the Job Permanently

MillerCoors, the U.S. joint venture of SABMiller Plc and Molson Coors Brewing Co., named interim Chief Executive Officer Gavin Hattersley to the job permanently.

Hattersley had been serving in the role since the retirement of CEO Tom Long, who stepped down on June 30, the company said in a statement Tuesday. Hattersley, 52, also is the chief financial officer of Molson Coors, which will replace him in that job by mid-November.

SABMiller and Molson Coors created the joint venture in 2008, the same year that InBev NV bought Anheuser-Busch Cos. Sluggish sales of mainstream brands have fueled speculation that beer giants may rely on additional mergers to maintain growth. But SABMiller’s attempt to consolidate the industry by buying Heineken NV last year was turned down.

MillerCoors sells an assortment of well-known American beers, including Coors Light, Miller Lite and Miller High Life.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE