Molson Coors Beverage Co.’s top rated law firm Anne-Marie D’Angelo has still left the firm a minor additional than a yr soon after coming aboard to be successful the beer giant’s longtime lawful chief.
D’Angelo, chief authorized and governing administration affairs officer at Molson Coors, resigned Thursday for particular causes, the organization disclosed in a securities submitting.
Molson Coors mentioned in a statement that “we respect her choice and have recognized her resignation.” Molson Coors added that D’Angelo has “agreed to keep on being beneath deal for lawful support” by year’s close, noting it was “grateful to Anne-Marie for her time with our corporation.”
D’Angelo, in a departure memo shared with Bloomberg Legislation, thanked them for the “respect you’ve shown as I’ve taken some more time this week.”
“I know there is no lack of do the job correct now, and I take pleasure in you all maintaining anything going,” D’Angelo wrote. “I’m in particular grateful for the outstanding aid and grace you have all presented me as I faced some of the hardest times in my personalized lifetime.”
Anne-Marie D’Angelo
Picture: Molson Coors
D’Angelo joined Molson Coors in December 2021 as a successor to E. Lee Reichert, who retired right after far more than a decade as the company’s top rated attorney to take a general public company place. D’Angelo earlier invested extra than a dozen decades at McDonald’s Corp., getting most lately served as common counsel for Worldwide Brass & Copper Inc. and NiSource Inc., a suburban Chicago-based utility.
In the course of her 12 months-and-a-50 % at Molson Coors, primarily based in Montreal and Golden, Colo., D’Angelo served just take on some tough inner matters.
D’Angelo mentioned March 2 at an American Bar Affiliation party that she to begin with “quite candidly, achieved a little bit of resistance with the govt team” when she pushed for stronger investigation of employee sexual harassment problems.
She pressured that the company “guard in opposition to this view that we really do not take these matters very seriously,” D’Angelo reported.
Occupation Crossroads
D’Angelo decision to go away Molson Coors to “focus on my family” arrived with “mixed thoughts,” she explained in the inside memo.
Her deputies will report to the company’s chief executive, Gavin Hattersley, as Molson Coors lookups for a new legal chief.
D’Angelo will give consulting providers through Dec. 31, 2023, at a rate of $40,000 for every thirty day period, for every an arrangement bundled in the submitting disclosing her exit. The corporation mentioned the arrangement is intended to make sure a clean changeover.
D’Angelo has the right to terminate that offer “at her discretion” as of June 15, Molson Coors reported. The company mentioned D’Angelo’s unvested limited inventory units will “continue to vest by the phrase of the consulting arrangement.”
She received additional than $1.8 million in overall payment from Molson Coors past yr, the firm disclosed Wednesday in an annual proxy statement.
The bulk of her spend bundle arrived from $575,000 in foundation income and approximately $882,800 in inventory and solutions awards. D’Angelo at the moment owns a lot more than $1.6 million in Molson Coors inventory, in accordance to Bloomberg knowledge.
Molson Coors has viewed other legal professionals leave its ranks within the past calendar year. Eric Gunning, who spent a decade at the brewer and when held D’Angelo’s former prime authorized function on an interim basis, joined security business Allegion PLC earlier this calendar year as a deputy standard counsel and company secretary.
D’Angelo wished her former colleagues well.
“It goes without declaring that functioning with every just one of you has been a profession-defining honor,” she claimed in the memo.