Leadership shift: Constellation Brands appoints Nicholas Fink as President & CEO

Nicholas Fink, as announced by Constellation Brands, Inc., will be taking charge as the new President and Chief Executive Officer, starting April 13, 2026. He has been a part of the firm’s Board of Directors since 2021 and will now undertake roles previously held by Bill Newlands. After the transition, Newlands will continue to serve on the company’s Board.

The previous President and CEO of the firm informed that he will be stepping down from his current position on April 13, 2026. Till that time, he will be working as a strategic advisor to help ensure a smooth transition of leadership. Additionally, he will retire from the company’s Board on the same date, April 13, 2026.

Chris Baldwin, the Board Chair of Constellation Brands, stated, "Over the past several years, Constellation Brands’ Board of Directors has engaged in a thoughtful and comprehensive CEO succession planning process, and we are excited to welcome Nick as our next President and CEO."

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According to Baldwin, Fink holds diversified leadership experience and is a seasoned executive in the beverage alcohol industry, with a solid grasp of the firm’s business model. Having been on the company’s Board for the last five years, he’s poised to offer a fresh perspective and valuable skills that will help Constellation and its stakeholders navigate the challenges of a fast-changing and fiercely competitive landscape as the company aims for long-term success.

Fink, in the inception of his career and throughout, has successfully steered a public, multi-category business, bringing valuable experience from the beverage alcohol industry and a visionary approach to leadership. He has proved his excellence in creating and adapting new growth opportunities and developing a strong premium lifestyle, which brands are required to adapt due to the ever-changing consumers' preferences. Since January 2020, he has been the Chief Executive Officer at Fortune Brands Innovations, a top global company specialising in home, security and digital products.

As the CEO, Fink steered Fortune Brands Innovations through the COVID-19 pandemic challenges, pushed for a digital transformation and shifted the company’s focus toward the growing sectors of the market, as well as achieved impressive market performance.

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Before his time at Fortune Brands Innovations, he spent nine years at Suntory Global Spirits, where he took on several senior leadership positions, including President for the Asia Pacific and South America regions, as well as Senior Vice President and Chief Strategy Officer.

Upon the announcement, Fink said, "I am thrilled to join the Constellation Brands team in my new role as President and CEO and to continue building on the company's strong tradition of industry leadership. I have long admired Constellation's ability to build iconic brands that resonate powerfully with consumers. I look forward to getting out there, engaging with team members and industry partners across the company, and collaborating with the Constellation team to further build on the company's core strengths: building great brands and using innovation to address an ever-expanding range of drinking occasions, while developing new growth platforms that address the evolving needs of the spirits landscape."

The brand's change in leadership came with its shares priced at USD 149.3, as the company hit a rough patch. Over the past week, the stock has dropped by 9.1 per cent, which is a month-on-month decrease of 4.5 per cent. Looking back over three and five years, the firm has seen declines of 30.2 per cent and 27.2 per cent, respectively, which gives investors some important context as they consider what new leadership might bring. Additionally, this transition comes on the heels of a 5.8 per cent gain year to date, showing how sentiment around the stock has fluctuated in recent times.

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