The Boston Beer Company Announces CFO Transition
Boston Beer (NYSE:SAM) announced a planned CFO transition.
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Rhea-AI Summary
Boston Beer (NYSE:SAM) announced a planned CFO transition. Chief Financial Officer Diego Reynoso will leave the company on September 14, 2026 to pursue a new opportunity. Matt Murphy, currently Chief Accounting Officer and former Interim CFO in 2023, will become Interim Chief Financial Officer and Treasurer effective September 15, 2026 while the company conducts a formal search for a permanent CFO, considering both internal and external candidates.
Positive
- Experienced insider appointed interim CFO, previously Interim CFO in 2023
- Planned, dated transition with successor named before CFO departure
- Formal CFO search launched, including internal and external candidates
Negative
- Current CFO stepping down effective September 14, 2026
- Near‑term leadership transition in a key financial role
Details
News Market Reaction – SAM
On Aug 21, the first trading day after this news, SAM closed 2.66% below the previous close. Our momentum scanner recorded 4 alerts for this stock that day. Relative volume reached 3.1x the daily average during tracking.
Data tracked by StockTitan Argus for the Aug 21 session.
Key Figures
- CFO departure date
- September 14
- Diego Reynoso departure
- Interim CFO effective date
- September 15
- Matt Murphy appointment
- Murphy tenure start
- 2006
- Joined Boston Beer as Corporate Controller
- Chief Accounting Officer appointment
- 2015
- Matt Murphy's appointment
- Prior interim CFO service
- 2023
- Matt Murphy previously served as Interim CFO
- Reynoso financial leadership
- three years
- Period cited by the company
Historical Context
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Limited-edition Angry Orchard collaboration with the Scream franchise and Fun World
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Angry Orchard promotional campaign featuring baseball legend Nick Swisher
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Dogfish Head announced a National Dog Day consumer event
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Dogfish Head partnered with CREEM Magazine to launch a limited-edition beer
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Mixed second-quarter results included declining revenue and improved gross margin
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Matt Murphy Named Interim CFO as the Company Undertakes a Formal Executive Search
Boston, Aug. 20, 2026 (GLOBE NEWSWIRE) -- The Boston Beer Company (NYSE: SAM) today announced that Chief Financial Officer Diego Reynoso will be leaving the company on September 14 to accept a new opportunity. Matt Murphy, currently Chief Accounting Officer, has been appointed Interim Chief Financial Officer and Treasurer effective September 15. Murphy joined Boston Beer in 2006 as Corporate Controller and was appointed Chief Accounting Officer in 2015. He also previously served as Interim CFO in 2023 before Reynoso’s hiring. The Company has initiated a search to identify its next Chief Financial Officer and will consider both internal and external candidates.
"On behalf of our Board of Directors and everyone at Boston Beer, I’d like to say thank you to Diego for his significant contributions and disciplined financial leadership over the past three years,” said Boston Beer Founder, Brewer, Chairman and CEO Jim Koch. “He has played an important role in advancing our ongoing productivity initiatives and leaves the Company with a strong financial foundation. Diego goes on to the next stage of his career with all our best wishes.”
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, Sun Cruiser, Truly Hard Seltzer, Twisted Tea Hard Iced Tea, and Samuel Adams. We have taprooms and hospitality locations in 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.
Brittany Zahoruiko Boston Beer Company 617-368-5000 media@bostonbeer.com
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