Boston Beer Company CEO Michael Spillane is stepping down after just over a year to focus on personal matters. Jim Koch, the company’s founder and chairman, will return as CEO. Spillane took over in April 2024 and will remain on the board as a non-executive director. Under Spillane’s leadership, the brewer’s net revenue increased 1.5% to $587.9m in the second quarter, with net income reaching $60.4m. The company anticipates lower volumes in 2025 due to macroeconomic factors affecting industry demand. Spillane will continue to shape the company’s strategy as a board member.

Read more at Yahoo Finance: Boston Beer CEO to step down