The importance of the board

The composition of a company’s board is often overlooked, but people and talent are two important factors that drive value, particularly among differentiated businesses.

Why Boston Beer Company’s diverse board drives its innovationCurrent and past CEOs

Taking a quick look at the main executives, the current CEO and President of Boston Beer is Martin F. Roper. Before that, he was the Chief Operating Officer from 1997, and VP of Manufacturing and Business Development from 1994. The current chairman Koch founded Boston Beer in 1984. He has been a director since 1995 and had served as CEO until 2001. Before that, he had worked as a consultant at an international firm, focusing on manufacturing.

Diverse but focused

Adding some spice to the board, Burwick has been a director with the company since 2005. His background includes being the president of North America at Weight Watchers International and chief marketing officer for Pepsi North America.

Cummin had been a private investor for many years.

Fisher is the founder of WaterRev and mainly serves as independent investor and consult to companies in the life sciences.

Margolis is a CEO at Cache and had previously served as director at Godiva Chocolatier and as president and CEO of Limited Brands’ Apparel Group.

Finally, Tanner is currently the CEO at Dean Foods with experience as chief supply chain and senior vice president of Global Operations.

Supporting growth

The well-balanced diversity that we see in Boston Beer’s board composition is likely one of the company’s success drivers. We see a noticeable pattern in the board’s collective experiences, which includes manufacturing, business development, company foundation, supply chain management, consultants, and marketing. We believe these directors will help fuel Boston Beer Company’s growth in the “better beer” segment over the next few years as an innovative brewer.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

14 Jun

Why Kimberly-Clark Stock May Stop Rising


Kimberly-Clark (KMB) stock has risen 20.5% this year, boosted by the company’s better-than-expected sales and earnings during its last reported quarter. However, its stock could stop climbing. Here's why.