Beverage maker Cott Corp. announced Tuesday that Neal Cravens, its chief financial officer, is retiring.
The company has appointed Jay Wells to take his place, effective March 20. Cravens will remain with Cott until the end of 2012 to help with the transition.
Wells, 49, comes to Cott from Molson Coors Brewing Co. where he has worked in several senior finance positions over the past seven years, including serving as chief financial officer of subsidiary Molson Coors Canada.
Cott, which is headquartered in Canada but has its U.S. headquarters in Tampa, Fla., is the world's largest maker of store-brand beverages.