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Sands said in a statement that Newlands "understands what it takes to succeed in this fast-moving market and that it is the ideal person to run our company in the future".
Sands will succeed his brother, Richard, who will become executive vice president.
The Wall Street Journal first reported the news.
Rob Sands told the Journal that as Executive Chairman, he would remain involved in the company, overseeing Constellation's $ 4 billion investment in Canopy Growth, the first publicly traded cannabis company in America. North.
Sands has been at Constellation since 1986. His brother, Richard, has also served as Constellation's CEO.
Rob Sands told the Journal, "It's good to have new ideas."
Constellation's shares initially lost about 1% of their trading after regular working hours, but were last seen higher by 1.6%.
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