Molson Coors Brewing (TAP) Names Tracey Joubert as CFO; Mauricio Restrepo Resigns

November 17, 2016 5:23 PM EST

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Molson Coors Brewing Company (NYSE: TAP), today announced that Tracey Joubert, current Chief Financial Officer of the Company’s US business, has been appointed as Molson Coors’ new Chief Financial Officer, effective immediately.

President and Chief Executive Officer of Molson Coors, Mark Hunter, stated, “We are very excited to have Tracey join our executive leadership team as our new CFO. I have had the privilege of working closely with Tracey for several years and am confident she is very knowledgeable about the Molson Coors organization, our commercial strategy and where we are heading as a bigger, better business. We are also fortunate that she is well known to our investor community as a highly qualified and respected financial leader who has overseen the successful growth of our US business. We fully expect this to be a seamless transition as we continue to accelerate our First Choice agenda and deliver long term shareholder value.”

Joubert offered, “I am very excited to lead the finance function at Molson Coors. I am very familiar with the company and very supportive of its plans. With the full acquisition of MillerCoors, it’s a critical point in the bigger and stronger Molson Coors and I am ready to bring the financial discipline and leadership necessary to deliver the growth our employees and shareholders expect.”

Joubert has served as Executive Vice President and Chief Financial Officer for MillerCoors since 2012. Previously, she was Vice President of finance, planning & analysis and controller for MillerCoors and before that as Director of finance and group services at Miller Brewing Company. She came to Miller from SAB Limited in Johannesburg, South Africa, where she served as financial manager, technical accounting, and was later promoted to financial manager, finance services. Prior to joining SAB Limited, she was financial manager at Barloworld, Ltd. and articled at KPMG South Africa. Joubert holds bachelor’s degrees in commerce and accounting from the University of Witwatersrand in South Africa. She also serves on the Board of Directors of the Terrapin Beer Company and Coors Distributing Company.

Mauricio Restrepo has resigned from his position as Chief Financial Officer of Molson Coors Brewing Company, effective immediately. Mr. Restrepo resigned because of matters regarding personal conduct unrelated to the operations or financial statements of the Company.



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