The Boston Beer Company Announces CEO Succession Plan
BOSTON, MA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company (NYSE: SAM) today announced leadership changes effective April 1, 2024.
- BOSTON, MA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company (NYSE: SAM) today announced leadership changes effective April 1, 2024.
- Spillane is currently the lead director of The Boston Beer Company and has been a board member since 2016.
- “I’ve known Dave for 19 years, and he’s had a tremendous impact on our company – first as a board member and for the last six years as our CEO,” said Boston Beer Founder and Brewer Jim Koch.
- “His steady leadership, talent, work ethic, values, guidance, and motivation have been unwavering, and I appreciate all he did to make Boston Beer a more successful company and a better place to work.”
During Burwick’s tenure as CEO, Boston Beer’s revenue more than doubled and its stock generated average annual returns of 12% – by far the highest among U.S. beer producers.