Rob Sands Stepping Down as Constellation CEO

The "Wall Street Journal" is reporting that Constellation Brands CEO Rob Sands will step down on March 1st.

The Journal is reporting that Sands will stay involved with the company as its executive chairman, replacing his brother, Richard. He will also oversee the company's $4 billion investment in Canopy Growth, North America's first publicly traded marijuana company.

Sands will be succeeded by President and Chief Operating Officer Bill Newlands. Richard Sands will become executive vice-chairman.

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