Victor, N.Y.—Constellation Brands announced Bill Newlands will take the role of president and chief executive officer succeeding current CEO Rob Sands on March 1. Also on March 1, Rob Sands will assume the role of executive chair and Richard Sands will move from the post of executive chair to executive vice chair. Newlands joined Constellation Brands, the third largest wine producer in the U.S., in 2015 as executive vice president and chief growth officer. In 2016, he assumed additional responsibilities as president of the company’s wine and spirits division. In 2017, Newlands became the company’s chief operating officer, and he assumed the role of president in early 2018. Prior to joining Constellation Brands, Newlands held several senior leadership roles in the beverage alcohol industry spanning more than 30 years. “Bill has a deep understanding and appreciation for the values that have made Constellation Brands one of the top performing S&P 500 companies,” said Richard Sands, in the press release announcing the changes. “I look forward to the continued success of our company under Bill’s leadership.”