Diego Reynoso has called time on his three-year stint as financial lead at Truly RTD owner The Boston Beer Co.
The executive (below), who started with the group as CFO in September 2023, will leave on 14 September to assume a new position outside of the alcohol industry. His departure will result in Boston Beer’s chief accounting officer, Matt Murphy, taking on the CFO responsibilities on an interim basis.
“The company has initiated a search to identify its next CFO and will consider both internal and external candidates,” Boston Beer added.
“On behalf of our board of directors and everyone at Boston Beer, I’d like to say thank you to Diego for his significant contributions and disciplined financial leadership over the past three years,” said founder & CEO Jim Koch. “He has played an important role in advancing our ongoing productivity initiatives and leaves the company with a strong financial foundation.
“Diego goes on to the next stage of his career with all our best wishes.”
In results from the first six months of this year, which were announced late last month, Boston Beer booked a near-4% fall in year-on-year sales. The rate of decline decelerated as the year wore on, with Q2 at -3.3% following on from Q1’s 4.4% dip.
