New Director has extensive management experience outside the beer industry
The Boston Beer Company announced that Jay Margolis has been appointed a Director of the Company, effective immediately.
Margolis, 56, currently serves as the President of the Apparel Group of Limited Brands. Before joining Limited Brands in 2005, Mr. Margolis had been President and Chief Operating Officer of Reebok, Inc. since 2001, where he also served as a director. Before that, he held senior executive positions at Espirit de Corp., Tommy Hilfiger, Liz Claiborne, and other well-known apparel companies.
Jim Koch, founder and chairman of the Company, said, “Jay’s vast experience in managing well-known high-quality brands will be a great addition to the Board. We are delighted to have a marketer with Jay’s instincts for the consumer and we look forward to his insights and guidance.”