Molson Coors Appoints Insider Rahul Goyal as CEO Amid Market Challenges

Molson Coors Brewing Company has named Rahul Goyal, its current chief strategy officer, as the new CEO effective October 1. Goyal replaces Gavin Hattersley, who is retiring after navigating the company through a period of declining U.S. alcohol consumption and tariff-related headwinds.

The leadership transition comes as the beer giant faces record-low alcohol demand in its key U.S. market, compounded by economic uncertainty and rising aluminum costs due to import tariffs. Molson Coors recently warned of reduced annual profits, with its stock down 18% year-to-date.

Goyal brings two decades of institutional knowledge to the role, having stewarded brands like Coors Light and Blue Moon through previous market cycles. His appointment signals continuity as the company adapts to shifting consumer preferences and supply chain pressures.