Shantel
Key Takeaways
- Boston Beer Company appoints Diego Reynoso as its new Chief Financial Officer and Treasurer, effective September 5, 2023.
- Reynoso will lead Finance, Treasury, and IT departments and will report directly to CEO David A. Burwick.
- Matt Murphy, the Interim CFO, will resume his role as Vice President, Finance and Chief Accounting Officer, reporting to Reynoso.
- Reynoso brings an extensive background in finance and operations in the alcoholic beverage and food industries.
The Strategic Leadership Shift
Boston Beer Company Inc. (NYSE: SAM) recently announced a significant shift in its leadership structure. The renowned brewer appointed Diego Reynoso as its new Chief Financial Officer (CFO) and Treasurer, effective September 5, 2023. In this role, Reynoso will be at the helm of Boston Beer’s Finance, Treasury, and IT departments, directly reporting to Chief Executive Officer David A. Burwick.
“Diego is a highly accomplished leader with extensive alcoholic beverage expertise and a proven track record of driving transformational business strategies,” remarked Burwick, highlighting the immense value Reynoso brings to the organization. “His operating experience and financial acumen make him the right leader to help The Boston Beer Company grow and achieve our long-term financial goals.”
Diego Reynoso: A Career Steeped in Excellence
Diego Reynoso has amassed more than 25 years of experience in finance and operations, specializing in the alcoholic beverage and food industries. Before this role, he was the CFO of the Prepared Foods division of Tyson Foods, a multinational food manufacturer, where he was based in Chicago.
Before Tyson, Reynoso held several senior financial and operational roles at spirits company Beam Suntory Inc and was the Senior Vice President and CFO of the $5 billion beer division at Constellation Brands. Earlier in his career, he honed his skills at notable companies like Allied-Domecq, Danone, and Procter & Gamble. Currently, he also serves on the Board of Directors of SunOpta Inc., a natural food and mineral company, and is a member of SunOpta’s Audit Committee.
A Rebalanced Leadership Team
With Reynoso’s appointment, Matt Murphy, who served as Interim CFO, will return to his previous role as Vice President, Finance and Chief Accounting Officer, reporting directly to Reynoso.
“I would like to thank Matt for his exceptional leadership during this period when he assumed all CFO responsibilities in Finance, Investor Relations and IT while continuing to perform his Chief Accounting Officer duties,” Burwick expressed. “We are very fortunate to have Matt as a senior finance leader and look forward to him playing a larger role in contributing to our future success.”
About Boston Beer Company
Founded in 1984, The Boston Beer Company, Inc. (NYSE: SAM) started brewing Samuel Adams beer, a brand currently recognized as one of the largest and most respected craft beer brands. The company’s extensive portfolio includes brands such as Truly Hard Seltzer, Truly Vodka Soda, Twisted Tea, Angry Orchard Hard Cider, Dogfish Head, Hard Mountain Dew, and Jim Beam Kentucky Coolers, among others. Craft beer brands from Angel City Brewery and Coney Island Brewing also form part of its diverse product portfolio.
With this strategic leadership appointment, Boston Beer Company continues to build on its commitment to financial stability, innovation, and long-term growth, fortified by Reynoso’s exceptional leadership and deep industry knowledge.
