Boston Beer Company Announces Leadership Changes with Phil Hodges as Chief Operating Officer

Boston Beer Company announces Phil Hodges as COO and Phil Savastano as CSCO, enhancing operational focus and supply chain management.

Quiver AI Summary

The Boston Beer Company has announced significant leadership changes, appointing Phil Hodges as the new Chief Operating Officer, effective immediately. In his new role, Hodges will expand his previous supply chain responsibilities to manage day-to-day operations and enhance execution of the company's initiatives aimed at brand building and margin improvement. Hodges has extensive experience in the consumer packaged goods sector and has been with Boston Beer since May 2023. Founder and CEO Jim Koch will continue to focus on strategic areas like innovation and brand investment. Additionally, Phil Savastano has been promoted to Chief Supply Chain Officer, having successfully led operations at the Samuel Adams Pennsylvania Brewery. These changes aim to strengthen Boston Beer’s operational focus and drive shareholder value.

Potential Positives

Phil Hodges' promotion to Chief Operating Officer is expected to enhance operational execution across the company, leveraging his extensive experience in supply chain and operations.
The appointment of Phil Savastano as Chief Supply Chain Officer signals continued leadership stability and a focus on operational excellence, as he has a proven track record in improving efficiencies.
The leadership changes allow Jim Koch to focus on high-impact strategic areas, potentially driving innovation and brand investment initiatives that can enhance long-term shareholder value.
Boston Beer Company's ongoing commitment to improving service levels and gross margins, as highlighted in the release, reflects a positive trajectory in operational performance.

Potential Negatives

Leadership changes may indicate underlying issues within the company, such as the need to strengthen operational efficiency and execution, which could reflect instability or challenges in management.
Phil Hodges, who has only been in the role of Chief Supply Chain Officer since May 2023, now takes on the COO position, suggesting a rapid turnover in significant leadership roles that might raise concerns about continuity and experience at the executive level.
The press release does not provide details on specific challenges the company faces, leaving uncertainties about the reasons for leadership changes and the effectiveness of current strategies to enhance margins and improve volume trends.

FAQ

Who is the new Chief Operating Officer of Boston Beer Company?

Phil Hodges has been appointed as the Chief Operating Officer of Boston Beer Company.

What are Phil Hodges's main responsibilities as COO?

Hodges will oversee day-to-day operations and focus on improving execution and brand building initiatives.

Who did Phil Savastano replace at Boston Beer Company?

Phil Savastano has been promoted to Chief Supply Chain Officer, replacing Phil Hodges.

What is the background of Phil Hodges?

Phil Hodges has over 30 years of experience and previously served as CSCO at Carlsberg and CFO at Kraft Foods International.

How has the leadership change impacted Boston Beer Company's operations?

The leadership changes aim to enhance operational execution and improve service levels within the supply chain.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$SAM Insider Trading Activity

$SAM insiders have traded $SAM stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $SAM stock by insiders over the last 6 months:

ANNETTE N FRITSCH (VP of Product Design and R&D) has made 0 purchases and 2 sales selling 600 shares for an estimated $131,546.

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$SAM Hedge Fund Activity

We have seen 179 institutional investors add shares of $SAM stock to their portfolio, and 145 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NUVEEN, LLC removed 293,930 shares (-94.3%) from their portfolio in Q2 2025, for an estimated $56,084,783
ARMISTICE CAPITAL, LLC removed 182,553 shares (-86.7%) from their portfolio in Q2 2025, for an estimated $34,832,937
POINT72 ASSET MANAGEMENT, L.P. removed 154,047 shares (-70.8%) from their portfolio in Q2 2025, for an estimated $29,393,708
TORONTO DOMINION BANK added 154,005 shares (+inf%) to their portfolio in Q2 2025, for an estimated $29,385,694
NORGES BANK removed 102,478 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $19,553,827
QUBE RESEARCH & TECHNOLOGIES LTD added 82,742 shares (+278.0%) to their portfolio in Q2 2025, for an estimated $15,788,001
J. GOLDMAN & CO LP removed 68,693 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $13,107,311

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$SAM Analyst Ratings

Wall Street analysts have issued reports on $SAM in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Goldman Sachs issued a "Sell" rating on 06/23/2025

To track analyst ratings and price targets for $SAM, check out Quiver Quantitative's $SAM forecast page.

$SAM Price Targets

Multiple analysts have issued price targets for $SAM recently. We have seen 7 analysts offer price targets for $SAM in the last 6 months, with a median target of $230.0.

Here are some recent targets:

Sean King from UBS set a target price of $230.0 on 10/08/2025
Filippo Falorni from Citigroup set a target price of $235.0 on 10/06/2025
Kaumil Gajrawala from Jefferies set a target price of $225.0 on 09/30/2025
Eric Serotta from Morgan Stanley set a target price of $245.0 on 07/25/2025
Eric Serotta from Evercore ISI Group set a target price of $250.0 on 07/25/2025
Nadine Sarwat from Bernstein set a target price of $230.0 on 07/09/2025
Bonnie Herzog from Goldman Sachs set a target price of $187.0 on 06/23/2025

Full Release

Boston, Oct. 20, 2025 (GLOBE NEWSWIRE) -- The Boston Beer Company (NYSE: SAM) today announced leadership changes effective immediately.

Phil Hodges, Chief Supply Chain Officer (CSCO) for the company, has been named Chief Operating Officer. In this role, Hodges will expand on his supply chain responsibilities to oversee day-to-day operations across all functions and focus on continuing to improve execution and implementing the company’s previously announced brand building and margin enhancement initiatives. He will report to Boston Beer Founder, Brewer, CEO and Chair Jim Koch.

Hodges has been CSCO of the company since May 2023 after providing supply chain consulting services since 2022. He has more than 30 years of CPG experience, including roles as CSCO of Carlsberg, Chief Financial Officer of Kraft Foods International, and General Manager of Mondelez in Southeast Asia. Since he became Boston Beer CSCO, the company’s supply chain team has delivered vastly improved service levels and significant efficiency gains in its breweries and procurement resulting in strong gross margin expansion.

Koch will continue as CEO, a position he assumed in August, and will primarily focus on high-impact areas including the company’s innovation pipeline, wholesaler relations, brand investment strategy, and talent and culture.

“Phil brings a wealth of experience beyond his supply chain expertise, and his stepping into the COO role will enable me to focus on the big picture while he ensures we’re intensely focused on operational execution,” said Koch. “I’m excited to be back in the CEO seat and to continue to partner with Phil and our experienced and talented executive leadership team to execute our operating plans, improve our volume trends, and create long-term shareholder value.”

As part of this change, Phil Savastano has been promoted to Chief Supply Chain Officer – overseeing brewery management, procurement, customer service, engineering, safety, quality, and planning – reporting to Hodges. Savastano joined Boston Beer in March 2024 to lead operations for the Samuel Adams Pennsylvania Brewery and has been instrumental in improving operational excellence in that facility. He has previous experience with Tesla and Molson Coors.

About The Boston Beer Company

The Boston Beer Company, Inc. (NYSE: SAM) began in 1984 brewing Samuel Adams beer and has since grown to become one of the largest and most respected craft brewers in the United States. We consistently offer the highest-quality products to our drinkers, and we apply what we’ve learned from making great-tasting craft beer to making great-tasting and innovative “beyond beer” products. Boston Beer Company has pioneered not only craft beer but also hard cider, hard seltzer, and hard tea. Our core brands include household names like Angry Orchard Hard Cider, Dogfish Head, Samuel Adams, Sun Cruiser, Truly Hard Seltzer, and Twisted Tea Hard Iced Tea. We have taprooms and hospitality locations in California, Delaware, Massachusetts, New York, and Ohio. For more information, please visit our website at www.bostonbeer.com , which includes links to our respective brand websites.

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