CONSTELLATION BRANDS : APPOINTS ALEX ALVAREZ AS SENIOR VICE PRESIDENT AND CHIEF SUPPLY CHAIN OFFICER FOR BEER DIVISION

About this update from Constellation Brands, Inc.

ROCHESTER, N.Y., Aug. 25, 2026 - Constellation Brands, Inc. (NYSE: STZ), a leading U.S.-based total beverage alcohol company, announced today that Alex Alvarez will join the company as Senior Vice President and Chief Supply Chain Officer, Beer Division, effective September 14, 2026. In this role, Alvarez will lead the company's end-to-end beer supply chain organization, including manufacturing, procurement, planning, logistics, and distribution, reporting to Jim Sabia, EVP & President, Beer Division. Alvarez brings more than 30 years of global operations and supply chain leadership experience across manufacturing, distribution, innovation, quality, safety, sustainability, and capital management. He has held leadership supply chain positions across fast-moving CPG companies, including General Mills and Procter & Gamble, as well as in the alcohol beverage industry with Brown-Forman and Suntory Global Spirits. At Suntory Global Spirits, he oversaw the entire global supply chain organization, including 18 distilleries across the U.S., Mexico, Canada, Europe and India. He's known for his commitment to quality and sustainability, modernizing manufacturing and planning operations to improve productivity and efficiency while developing high-performing teams. Alvarez on Joining Constellation Brands "Constellation Brands has built one of the most respected beer businesses in the industry, supported by a strong culture of operational excellence and continuous improvement. I am honored to join the company and look forward to working alongside our talented teams to strengthen our supply chain capabilities, support future growth, and continue delivering the quality, service, and innovation our customers and consumers expect." Sabia on Alvarez Appointment "Alex is an accomplished supply chain executive with a proven track record of leading complex global operations, building high-performing teams, and delivering transformational business results. His deep expertise across manufacturing, logistics, procurement, and business transformation will help us continue strengthening our capabilities and position us for long-term growth. We are thrilled to welcome Alex to Constellation Brands." Alvarez succeeds John Kester, who plans to retire in November 2026 following 12 years with Constellation Brands. During his tenure, Kester helped transform the company's beer supply chain organization, including establishing a centralized procurement function, integrating key manufacturing assets, expanding production capacity, and building a fully integrated end-to-end supply chain network that today supports production of more than 430 million cases of beer annually, ranking Constellation as the #2 beer supplier in the United States. Sabia on John Kester's Legacy "John's leadership has been instrumental in the growth and evolution of our beer business over the past decade. His vision, dedication, and commitment to operational excellence helped build the world-class supply chain organization we have today. We are grateful for his many contributions and wish him and his family all the best in retirement." About Alex Alvarez Title: Senior Vice President and Chief Supply Chain Officer, Beer Division Company: Constellation Brands Effective Date: September 14, 2026 Reports To: Jim Sabia, Executive Vice President & President, Beer Division Experience: More than 30 years of global supply chain and operations leadership experience Previous Employers: General Mills, Procter & Gamble, Suntory Global Spirits, Brown-Forman Languages: English and Spanish ABOUT CONSTELLATION BRANDS Constellation Brands (NYSE: STZ), a U.S.-based company, is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It's worth our dedication, hard work, and calculated risks to anticipate market trends and deliver for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what's next. Every day, people reach for brands from our high-end, imported beer portfolio anchored by the iconic Corona Extra and Modelo Especial, a flavorful lineup of Modelo Cheladas, and favorites like Pacifico, and Victoria; our exceptional wine brands including The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, and Lingua Franca; and our craft spirits brands such as Mi CAMPO Tequila and High West Whiskey. As an agriculture-based company, we strive to operate in a way that is sustainable and responsible. Our ESG strategy is embedded into our business and we focus on serving as good stewards of the environment, investing in our communities, and promoting responsible beverage alcohol consumption. We believe these aspirations in support of our longer-term business strategy allow us to contribute to a future that is truly Worth Reaching For. To learn more, visit www.cbrands.com and follow us on LinkedIn and Instagram .

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