Gavin D.K. Hattersley
President and Chief Executive Officer at TMolson 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
| 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).