Food Industry

As uncertainty looms around potential tariffs, the brewer’s CEO expressed optimism about the outlook for Modelo, Corona and Pacifico.

The company also named Eric Gorli as president of its $9 billion U.S. refreshment beverage operation, which includes soft drinks, tea and water.

The departure of James Snee, who took over the top post in 2016, is the third leader from a major food company to announce they are leaving since December.

Andrew Archambault, joining from Keurig Dr Pepper, will oversee its sweets business, while company veteran Veronica Villasenor will run brands like Dot’s and SkinnyPop.

After a report detailing the health risks of imbibing, at least one analyst thinks the incoming Trump administration could heighten the scrutiny on the sector.

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Her departure comes as the snacks maker faces challenges including higher cocoa costs, inflation that has curtailed product demand and the proliferation of GLP-1 weight-loss drugs.

Bird flu outbreaks have created supply shocks at the grocery store, with some retailers limiting consumer purchases.