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Shares of Constellation Brands were on track to hit a record high, after a large investor took steps to wield greater influence over the company.
Constellation Brands' Rob Sands will retire from his role as the chair of its board of directors and will not stand for re-election.
Rob Sands, chairman of Svedka vodka owner Constellation Brands, will step down from his role as head of the board.
Constellation Brands has announced that its chairman will step down from his role heading the board, having formerly acted as CEO.
By Denny Jacob Constellation Brands on Thursday said Rob Sands will retire as board chair and won't stand for re-election at its shareholder meeting. The Victor, N.Y.-based maker of beer,...