Boston Beer’s Dave Burwick will retire as President and Chief Executive Officer and member of the Board of Directors, with Michael Spillane to assume the President and CEO role effective upon Burwick’s retirement. Spillane is currently the lead director of The Boston Beer Co. and has been a board member since 2016. During Burwick’s tenure as CEO, Boston Beer’s revenue more than doubled and its stock generated average annual returns of 12%, noted by far as the highest among U.S. beer producers. Burwick architected Boston Beer’s vision and long-range plan to address evolving consumer needs, helped build two billion-dollar brands in Twisted Tea and Truly, and drove Boston Beer to the No. 2 position in the “beyond beer” space while strengthening the company’s ability to compete, growing revenue to more than $2 billon. Spillane brings more than 17 years of consumer goods experience to the role.