BOSTON, Jan. 31, 2020 /PRNewswire/ -- The Boston Beer
Company, Inc. (NYSE: SAM) announced today that Julio Nemeth has been appointed to its Board of
Directors, effective January 31,
2020.
Mr. Nemeth, 59, is the Chief Product Supply Officer at Procter
& Gamble, a consumer goods company headquartered in
Cincinnati, OH (NYSE: PG). In his
current role, Mr. Nemeth leads P&G's global Product Supply
organization, which includes 58,000 employees, over 100
manufacturing plants, and roughly 200 distribution centers around
the world focused on bringing superior products to the world's
consumers. He also serves as the Executive Sponsor of the Hispanic
Leadership Team and the People with Disabilities Network at
P&G. Since joining the company in 1990, Mr. Nemeth has held
several senior roles, including President of Global Business
Services from January 2015 to
April 2019 and Senior Vice President,
Product Supply, Global Operations from July
2013 to December 2014.
Prior to his time at P&G, he served as a Project Engineer
for Union Carbide Corporation in Brazil from 1987 to 1990 and as a Design
Engineer for Fabirnor Argentina from 1984 to 1987. He holds an MBA
from Fundação Getúlio Vargas in Brazil and a Bachelor of Science in Naval
Engineering from the University of Buenos
Aires.
Jim Koch, Founder and Chairman of
the Company, said, "Julio's exceptional experience spans more than
three and a half decades working in consumer goods and
manufacturing environments. I've always admired P&G for the
quality of their products and the innovation in their manufacturing
systems. Julio's accomplishments in operations, engineering,
innovation, and supply chain management will complement the deep
breadth of expertise on our Board. We're looking forward to his
insights and guidance as we continue to grow our business and
portfolio of products."
Mr. Nemeth will serve as an independent Class B Director.
"I've watched in appreciation as The Boston Beer Company has
grown tremendously in innovation, size, and complexity of products
over the past few decades," Mr. Nemeth said. "It's inspiring to
watch the passion and enthusiasm that drives the Company every day,
and I'm looking forward to joining the Board at this exciting time
in the Company's growth."
Boardspan Inc., a leading provider of board and governance
expertise through cloud-based and traditional advisory services,
advised Boston Beer on this appointment.
About the Company
The Boston Beer Company, Inc. (NYSE: SAM) began in 1984 brewing
Samuel Adams beer, which is
currently recognized as one of the largest and most respected craft
beer brands. Our portfolio of brands also includes Truly Hard
Seltzer, Dogfish Head, Angry Orchard Hard Cider, Twisted Tea, Wild
Leaf Hard Tea, Tura Alcoholic Kombucha, Angel City Brewery, Coney
Island Brewing, and Concrete Beach Brewery. For more information,
please visit our investor relations website at www.bostonbeer.com,
which includes links to all of our respective brand websites.
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SOURCE The Boston Beer Company, Inc.