Gavin D.K. Hattersley

President and Chief Executive Officer at MOLSON COORS BEVERAGE

Board

Since 2019

Age

62 years

Education

Earned a Bachelor's Degree and an Honors Degree in Accounting Science from the University of South Africa, and passed the Public Accountants and Auditors Board exams in 1987.

Tenure

Has served as President and Chief Executive Officer at Molson Coors Beverage Company, but further details regarding the timeline, previous positions, or promotions are not publicly available.

Also at MOLSON COORS BEVERAGE

MESJ

Michelle E. St. Jacques

Chief Commercial Officer

Natalie Maciolek

Chief Legal & Government Affairs Officer and Secretary

TIJ

Tracey I. Joubert

Chief Financial Officer

About

Gavin D.K. Hattersley is the current President and Chief Executive Officer at Molson Coors Beverage Company, where he serves as the principal executive officer responsible for overseeing the company's strategic direction and regulatory filings.

His role at TAP is marked by significant responsibilities, including the execution of various official filings and certifications, which underscores the trust and accountability placed in his leadership.

Although comprehensive details of his personal background and career progression are not available, his impact on the company is evident through his continued dedication and leadership at TAP.

$TAP Performance Under Gavin D.K. Hattersley

Past Roles

Organization	Role	Date Range	Details
MillerCoors LLC (now Molson Coors Beverage Company USA LLC)	CEO	2015 - 2019	N/A
Molson Coors	CFO	2012 - 2015	N/A
MillerCoors LLC	Executive Vice President and CFO	2008 - 2012	N/A
Miller Brewing Company	Senior Vice President	2002 - 2008	N/A
SAB Limited of Johannesburg, South Africa	CFO	1999 - 2002	N/A
SAB Limited of Johannesburg, South Africa	Various Financial Management Positions	1997 - 1998	N/A
Barloworld Limited	Various Finance Positions	1987 - 1996	N/A

External Roles

Organization	Role	Date Range	Details
Zoetis Inc.	Director	Since 2024	N/A
The Yuengling Company LLC	Director	N/A	Joint venture between Molson Coors and a D.G. Yuengling & Son, Inc. affiliate

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,250,000	Annual (as of December 31, 2023)	Fixed base salary
401(k) Plan Contribution	$29,700	Annual	Part of contributions to retirement & savings
Deferred Compensation Plan Contribution	$205,047	Annual	Part of contributions to retirement & savings
Life Insurance Premiums	$26,839	Annual	Fixed life insurance premiums

Performance Compensation

Data from FY 2023

Annual Incentives (MCIP)

Metric	Weight (%)	Threshold	Target	Maximum	Actual Result	Payout (%)
Adjusted Underlying Income Before Income Taxes (USD millions)	22.5	1,055	1,110	1,277	1,517	200
Adjusted Underlying Free Cash Flow (USD millions)	22.5	863	959	1,247	1,405	200
Adjusted Net Sales Revenue (USD millions)	22.5	9,559	9,957	10,355	10,552	200
Adjusted NSR per Hectoliter (USD)	22.5	120.70	125.72	130.70	130.86	200
People & Planet Scorecard	10	N/A	N/A	N/A	N/A	45

Total MCIP Payout: The overall payout was 185% of target, resulting in a 2023 MCIP award of $3,434,535 paid in 2024.
Evaluation Period: 2023 with cash payout made in 2024.

Long-Term Incentive Plan (LTIP)

Performance Share Units (PSUs)

Detail	Value
Grant Date	February 27, 2023
Grant Date Fair Value	$3,871,561 at target / $7,743,122 at maximum
Target Shares	62,094
Maximum Shares	124,188 (200% of target)
Performance Metrics	Relative TSR (50%), Adjusted Cumulative NSR (25%), Adjusted Cumulative Underlying Income Before Income Taxes (25%)
Vesting Schedule	Performance-based vesting over the period 2023-2025

Restricted Stock Units (RSUs)

Detail	Value
Grant Date	February 27, 2023
Grant Date Fair Value	$2,002,510 or $2,341,540 as per separate award details
Number of Shares	37,256
Vesting Schedule	Time-based; vests on the third anniversary (February 27, 2026)

Stock Options

Detail	Value
Grant Date	February 27, 2023
Number of Options Granted	99,776
Exercise Price	$53.75 per share
Grant Date Fair Value	$1,335,003
Vesting Schedule	Vest in three equal annual installments starting February 27, 2024; exercisable until February 27, 2033

Additional Conditions: For PSUs, final awards depend on enterprise-level performance relative to the defined metrics. RSUs value is subject to stock price at vesting, and Stock Options are valuable only if the stock price exceeds the exercise price.

This comprehensive performance compensation structure aligns leadership incentives with both short-term results (MCIP) and long-term shareholder value (LTIP).