Tim was responsible for converging and integrating the two companies and ensuring delivery of $500 million of cost reduction synergies.
Prior to joining MillerCoors, a transaction that he helped direct, Mr. Wolf was Chief Financial Officer of Coors Brewing Company from 1995 to 2005, when he became Global Chief Financial Officer of Molson Coors Brewing Company, another merger that he helped negotiate, close and refinance. He was instrumental in working with the team that achieved $180 million of synergies in less than 3 years and drove reduction of the debt associated with refinancing and restructuring the highly successful Molson Coors merger, well ahead of commitments to its Board.
During the nearly 14 years that Mr. Wolf was CFO of these two companies, along with the many Coors and Molson Coors teams, he helped build a broad variety of disciplines, capabilities, systems, talent, teams, credibility and strong operating results that drove more than $10 billion of shareholder value, as of his move to MillerCoors in July, 2008.
Focusing on cost reduction, cash generation, and the talent and tools needed to achieve them, Mr. Wolf helped drive Coors Brewing Company’s $1.9 billion acquisition of Bass Breweries, subsequently achieving the 4 years debt reduction plan in less than 3 years. The resulting financial strength of Coors paved the way for its $6 billion merger with Molson Breweries in 2005.
Prior to coming to Colorado with Coors, Tim spent nearly 10 years with PepsiCo in planning, finance, control and strategy roles of increasing responsibility in its soft drinks and fast food businesses from 1980 to 1989.
Before arriving at Coors, from 1989 until 1993, Mr. Wolf was Controller, Chief Accounting Officer for the Walt Disney Company, and then Senior VP of Euro Disney, Marne La Vallee, France, where he ran all infrastructure and support groups for this unprecedented, $5 billion start up. Tim and his family lived in Paris for two years.
During his career, Tim has done business in or visited nearly 40 countries.