Rob Sands,chief executive officer of Constellation Brands, a Fortune 500 companythat produces beer, wine and spirits, has been with the company since 1986. He is now executive chairman. Participants in the SolicitationThe directors and executive officers of Constellation and other persons may be considered participants in the solicitation of proxies from stockholders in connection with the proposed transaction. They own a fleet of superyachts and private jets. The Food and Beverage Law Clinic is the first law school clinic in the country entirely dedicated to providing direct, transactional legal services to food, farming, Subsidiaries include Robert Mondavi wine and Svedka Vodka. Richard Sands (left) and Robert Sands, chairman and CEO of Constellation Brands, respectively, pose [+] for a photo inside their headquarters in Victor, New York in 2011. Robert Sands is president and CEO of Constellation Brands, a company founded by his father, the late Marvin Sands. Responsible for the top 20% accounts in the Tampa market developing relationships and managing sales and profitability. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. (Jennifer) Sands and Rob (Pamela) Sands; son-in-law, Dr. Andy . Average Constellation Brands salaries by department include: Business Development at $127,302, Admin at $56,892, Finance at $86,471, and Product at $151,582. [8] In its first year, the company sold approximately 200,000 gallons of wine and had gross sales of $150,000. Following the reclassification, the Sands Family will be subject to customary standstill provisions. The company has also recently paid $1 billion for . The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included elsewhere. "This has been another exciting year for Constellation," said Rob Sands, president and chief executive officer of Constellation Brands, in a statement. He is married to Pamela Sands. Currently, its most notable subsidiaries include Robert Mondavi wine and Svedka vodka. VICTOR, N.Y., June 30, 2022 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE:STZ), a leading beverage alcohol company, announced today that following the recommendation of a special committee . VICTOR, N.Y., June 30, 2022 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that following the recommendation of a special committee comprised solely of independent directors, its Board of Directors has approved, and will recommend to shareholders for approval, a proposal to eliminate the companys ClassB common stock. After an extensive review and analysis by a Special Committee of the Constellation Brands Board of Directors, including input from an independent financial advisor and legal counsel, the Board agreed it is in the best interests of the Company and all Constellation shareholders, to eliminate the ClassB common stock, said Bill Newlands, Constellations President and CEO. Constellation is an international producer and marketer of beer, wine, and spirits. Assuming the role from Sands will be Bill Newlands, who . The property featured a 4,880-square-foot stucco home with patios, sun porches, guest house and enclosed boathouse. The stock has a market capitalization of $41.17 billion, a P/E ratio of 637.70, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00. Do Not Sell/Do Not Share My Personal Information. CEO eyes brighter days ahead, but Morningstar analyst warns of price pressures. Rob Sands. Including a large home on Lake Canandaigua. Sign up for our weekly roundup of the latest on inclusive behaviours in the workplace. The 69 meter yacht was recently bought from, Rochade was built at Delta Marine in 2011. Constellations stock has risen six-fold in the last five years, including a 33% gain so far in 2017. [3], In 2016, along with his brother and mother, "Mickey", donated $61 million to the Rochester Area Community Foundation, the single largest gift in its history. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. A downloadable PDF copy of this news release can be found here:http://ml.globenewswire.com/Resource/Download/d48d1261-28d3-4e5e-a0fa-ca15cb6aa9f4, http://ml.globenewswire.com/Resource/Download/d48d1261-28d3-4e5e-a0fa-ca15cb6aa9f4, Annual Oct 2007 - Mar 201810 years 6 months. Agreement provides multiple benefits including Corporate governance enhancements and operating cost savingsVICTOR, N.Y., June 30, 2022 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ and STZ.B . [27] In July 2019, Constellation announced it had acquired a minority stake in Montanya Distillers, a craft-rum distillery in Crested Butte, Colorado and a majority stake in Nelson's Green Brier Distillery, a revival of the original Green Brier Tennessee Whiskey and Belle Meade Bourbon labels in Nashville, TN. Probably the most important point that one could make is we operate the company strictly for the benefit of the shareholders,, This is a BETA experience. Between 2017 and May 2020, Constellation Brands has acquired a 38.6% stake in Canopy Growth, a Canadian cannabis producer, which could grow to a 55% stake if Constellation exercises all of its warrants. [17] The company later moved to a more premium wine portfolio, divesting Almaden Vineyards, Inglenook Winery, and the Paul Masson winery in Madera, California, in 2008,[18] and its value spirits portfolio to the Sazerac Company in 2009. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey, and our premium wine brands such as Meiomi, and Kim Crawford. The company was established in 1945 by Marvin Sands in the Finger Lakes region of New York as Canandaigua Industries, selling bulk wine to bottlers in the eastern United States. Constellation Brands Offers to Reduce Voting Power. [39], Constellation Brands' headquarters a 120,000 square feet (11,000m, "Constellation Brands, Inc. 2020 Annual Report", "Sales of the leading beer import companies in the United States in 2015 (in million U.S. dollars)", "Beer Marketer's Insights - Major Supplier Shipments and Share: 2015 vs 2014", "Corona beer maker Constellation ups bet on cannabis with $4 billion investment in Canopy Growth", "Marvin Sands, Winery's Chairman, Dies at 75", "Constellation Brands | History and Heritage", "Get To Know Robert Sands, President of Constellation Brands", "Constellation Brands Agrees to Buy Australian Winery", "Mondavi to Join Constellation in $1 Billion Deal", "Constellation To Buy Vincor for $1.09 Billion", "Constellation Brands to Buy Svedka Vodka", "Constellation Brands buys several California premium wine labels", "Constellation sells Inglenook, Almaden and Paul Masson winery, reports 832 million dollar loss", "Constellation Sells Value Spirits for $334 Mln", "Mass layoffs at Bay Area winery after acquisition by Gallo", "O-I enters joint venture to co-own glass plant", "Constellation to Buy Ballast Point Brewing for $1 Billion", "Constellation Brands Acquires High West Distillery for $160 Million", "Craft Brewer Funky Buddha Joins Constellation Brands", "CHAMP secures $1b deal for Australian winemaker Accolade Wines", "US firm looks to Asia after buying SA-based Accolade Wines", "Constellation to Sell Several Wine Brands to Gallo in $1.7 Billion Deal", "Constellation buys minority stake in Montanya Distillers", "Ballast Point sold to tiny suburban Chicago brewery Kings and Convicts in beer industry stunner", "Constellation Brands acquires Gary Vaynerchuk's Empathy Wines", "Monster Beverage and Constellation Mergers Talks Are Progressing", "Constellation Brands Names Bill Newlands Next CEO", "This Is the First Fortune 500 Marijuana Stock", "When It Comes To Weed, One Major Alcohol Company Decides If You Can't Beat 'Em Join 'Em", "French Pinot Noir Class Action Settlement", "As big beer moves in activists in mexicali fight", AB InBev sues Constellation Brands over move to sell new Mexican beers in US, https://en.wikipedia.org/w/index.php?title=Constellation_Brands&oldid=1133665429, Companies listed on the New York Stock Exchange, Companies based in Ontario County, New York, Food and drink companies based in New York (state), Food and drink companies established in 1945, Family-owned companies of the United States, Short description is different from Wikidata, Articles with unsourced statements from October 2019, Articles with unsourced statements from July 2020, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, United States, Mexico, New Zealand, Italy, Canada, This page was last edited on 14 January 2023, at 23:19. For 19 years he was Chairman of the Board of Constellation. It feels good, he said with characteristic nonchalance. Wheeler said there were three other parties seriously interested in buying the property, but none resulted in a written offer. In the face []. We believe both have their formal residence in Rochester, New York. SOUTH BRISTOL, NY Canandaigua Lake has its share of pricey mansions, but not all stand out for their architectural grandeur or posethe question, Can anyone build a castle on the lake?. The brothers are two of 22 newcomers to The Forbes 400 in 2017; they joined the ranks with net worths of $2.9 billion and $2.8 billion, respectively. In addition, the Companys simplified capital structure will provide a solid foundation as the Company continues to pursue its strategic growth initiatives and capital allocation priorities to build shareholder value.. Its worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. The company is the largest multi-category supplier (beer, wine, and spirits) of beverage alcohol in the U.S. Constellation Brands employees rate their Executive Team in the Top 50% of similar size companies on Comparably with 5,001-10,000 Employees. Our reporting is copied and/or used by many international media companies. 84% of employees would recommend working at Constellation Brands to a friend and 87% have a positive outlook for the business. The long storied history of Trans World Airlines ended Wednesday in Roswell, N.M., as American Airlines retired its last TWA MD-80. Agreement provides multiple benefits including Corporate governance enhancements and operating cost savingsVICTOR, N.Y., June 30, 2022 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ and STZ.B . Sands says that there is "huge upside" in the company's best performing brands when it comes down to retail exposure. Law Degree, Pace University; Bachelor of Arts/Science, Skidmore College. [21], In December 2015, Constellation announced the $1 billion acquisition of Ballast Point Brewing of San Diego. The structure is being built at least 25 feet from the lakefront setback, and as much as 35 feet back from the water, to open clear views for the neighbors, according to the plan. That small operation has mushroomed into a publicly-traded behemoth now called Constellation Brands . My co-workers are really nice, and we work well as a team. Reminiscent of a medieval castle, the $4.33 million stone mansion that broke ground more than a year ago on Canandaigua Lake in South Bristol will be the family home of Robert Sands, executive chairman of the Fortune 500 alcoholic beverage giant Constellation Brands Inc. Ontario County lists the two-story stone mansion as built in 2020 (though its still under construction), with four bedrooms, three fireplaces, five full baths, and two half baths in a hemlock-Northern hardwood forest. Rochester Area Community Foundation has received the largest gift in its 44-year history from the Sands family, known for building Constellation Brands, Inc. into a leading beer, wine and spirits company in the United States and around the world. Rochester is close to Canandaigua, where Constellation is based. [9] The company was incorporated as Canandaigua Wine Company, Inc. in 1972 and went public in 1973. Rob Sands joined Constellation Brands in June 1986 as general counsel overseeing the company's legal affairs, with an emphasis on its acquisitions. Join us in discovering whats Worth Reaching For. Robert and Richard Sands' father, Marvin, founded a humble wine business in 1945 at age 21. The average employee at Constellation Brands makes $82,343 per year, which is quite competitive for its location and industry. For another, respect the towns guidelines and be very respectful to their neighbors. Meyer added the owners asked for no special changes or variances. Sands, executive chair of Constellation Brands, succeeds Mark Besca, who served as chair since 2013. The apparent target: the $22 billion parent company to Jack Daniels, Brown-Forman, which is also a family-run entity. CEO Rob Sands. Constellation Brands. For 19 years he was Chairman of the Board of Constellation. The company is one of the largest wine producers in the world and in 2008 . 2023 www.democratandchronicle.com. All forward-looking statements speak only as of the date of this press release and Constellation does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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