Constellation Brands said Nicholas Fink has been appointed president and chief executive officer succeeding Bill Newlands effective April 13. Fink is a member of Constellation's board of directors and will continue to serve on the board. Newlands will retire from the board April 13.

Fink served in a number of senior leadership roles at Suntory Global Spirits over a nine-year span, including responsibilities as President, Asia Pacific and South America, and Senior vp-Chief Strategy Officer.

Most recently he served as Chief Executive Officer at Fortune Brands Innovations, a leading global home, security, and digital products company since January 2020. As CEO, Fink guided Fortune Brands Innovations through the COVID-19 pandemic, accelerated its digital transformation, spearheaded the company’s transformation to focus on growing sectors of the market, and delivered consistent market outperformance. 

“I look forward to getting out into the market, engaging with team members and industry partners across the business, and working with the Constellation team to further build on the company’s core strengths which include building great brands and leveraging innovation to satisfy more consumer occasions, while developing new growth platforms that meet the evolving needs of consumers as the landscape continues to shift within the beverage alcohol sector,” Fink said.

Newlands led Constellation Brands for the past seven years as President and CEO. “During Bill’s time as President and CEO, Constellation Brands consistently ranked among the top growth leaders among large CPG companies, and Modelo Especial became the #1 selling beer in U.S. dollar sales," said Chris Baldwin, chair of Constellation Brands board. "Bill also oversaw the reshaping of Constellation’s Wine & Spirits portfolio, which now consists entirely of a powerful collection of higher-end, higher-margin brands aligned with consumer trends.”

“Under Bill’s direction, we’ve established a strong leadership team and a portfolio of iconic brands that are outperforming the market, and a disciplined approach to financial management and capital allocation,” Baldwin continued. “Thanks to these efforts, Constellation Brands has a solid foundation from which to continue building upon.”

“It has been a tremendous honor to serve as President and CEO at Constellation Brands,” said Newlands. “As I’ve consistently said throughout the years, we have the best team in the business, a strong portfolio of brands people love, a consumer-obsessed focus on innovation, and a strong leadership team focused on delivering what’s next. I look forward to working with Nick in the coming months to help ensure a smooth transition, and I’m excited to see what the team achieves in the years ahead under Nick’s leadership.”