Sign in

    Gavin D.K. Hattersley

    President and Chief Executive Officer at Molson Coors Beverage Co
    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 Co

    MESJ
    Michelle E. St. Jacques
    Chief Commercial Officer
    NM
    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

    OrganizationRoleDate RangeDetails
    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

    OrganizationRoleDate RangeDetails
    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 NameAmountPayment ScheduleAdditional Details
    Base Salary$1,250,000 Annual (as of December 31, 2023)Fixed base salary
    401(k) Plan Contribution$29,700 AnnualPart of contributions to retirement & savings
    Deferred Compensation Plan Contribution$205,047 AnnualPart of contributions to retirement & savings
    Life Insurance Premiums$26,839 AnnualFixed life insurance premiums

    Performance Compensation

    Data from  FY 2023

    Annual Incentives (MCIP)

    MetricWeight (%) Threshold Target Maximum Actual Result Payout (%)
    Adjusted Underlying Income Before Income Taxes (USD millions)22.51,0551,1101,2771,517200
    Adjusted Underlying Free Cash Flow (USD millions)22.58639591,2471,405200
    Adjusted Net Sales Revenue (USD millions)22.59,5599,95710,35510,552200
    Adjusted NSR per Hectoliter (USD)22.5120.70125.72130.70130.86200
    People & Planet Scorecard10N/AN/AN/AN/A45
    • 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)

    DetailValue
    Grant DateFebruary 27, 2023
    Grant Date Fair Value$3,871,561 at target / $7,743,122 at maximum
    Target Shares62,094
    Maximum Shares124,188 (200% of target)
    Performance MetricsRelative TSR (50%), Adjusted Cumulative NSR (25%), Adjusted Cumulative Underlying Income Before Income Taxes (25%)
    Vesting SchedulePerformance-based vesting over the period 2023-2025

    Restricted Stock Units (RSUs)

    DetailValue
    Grant DateFebruary 27, 2023
    Grant Date Fair Value$2,002,510 or $2,341,540 as per separate award details
    Number of Shares37,256
    Vesting ScheduleTime-based; vests on the third anniversary (February 27, 2026)

    Stock Options

    DetailValue
    Grant DateFebruary 27, 2023
    Number of Options Granted99,776
    Exercise Price$53.75 per share
    Grant Date Fair Value$1,335,003
    Vesting ScheduleVest 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).