Beam Suntory president and CEO Albert Baladi will step down later this year, according to a June 18 company press release. The company’s SVP Chief Growth & Brands Officer, Greg Hughes, will transition into the CEO role on October 1st. Baladi will continue to serve as a CEO advisor through the end of the year, and will act as a senior advisor to the company throughout 2024.
The 58-year-old is departing Beam Suntory after a successful 12-year term on the executive leadership team, serving as CEO and president since 2019. During his time as CEO, Baladi launched a sweeping sustainability initiative and helped boost Beam Suntory’s annual sales growth to more than $5 billion.
