3 Beam execs to leave before sale to Suntory

SHARE 3 Beam execs to leave before sale to Suntory

Three executives of liquor maker Beam Inc. have resigned ahead of the Deerfield company’s $16 billion takeover by Suntory Holdings Ltd.

Chief financial officer Robert F. Probst and controller Leo A. Mierzwicki will leave the company on May 31 and July 10, respectively, according to a filing Friday with Securities and Exchange Commission. William A. Newlands, president of North American operations, will resign as of May 31 and become a consultant to the company, the filing said.

Beam, whose liquor brands include Jim Beam and Maker’s Mark, agreed in January to be acquired by Japan’s Suntory. Beam shareholders approved the sale in March, and the companies said they hoped to complete the deal in the second quarter.

Suntory has a portfolio of spirits, with whiskies including Yamazaki and Hakushu as well as Midori liqueur and other beverages. It already distributes Beam’s products in Japan. Beam distributes Suntory’s products in Singapore and other Asian markets.

Beam shareholders OK $16B sale

Liquor company Beam tops 4th quarter expectations

Liquor maker Beam sold for $16 billion

The Latest
A look at several big Catholic League matchups and the headline games at the Team Rose event.
Politically, Moms for Liberty has done the Republicans more harm than good by banning books, attacking teachers and librarians, and picking on LGBTQ students.
The driver, 41, was in good condition with a cut to the head, police said.
No charges have been announced for the suspect after the alleged assault which happened about 9:30 p.m. in the first block of West Jackson Boulevard, police said.
No one was injured but fear of a leak caused staffers to be evacuated from nearby businesses, fire officials said.