Thomas McCorry
Thomas McCorry
Chief Financial Officer - Consumer Packaged Goods
Chief Financial Officer - Consumer Packaged Goods
Thomas McCorry's leadership at Constellation Brands has been characterized by his strategic vision and deep financial expertise, making him a key figure in guiding the company to new heights in the global beverage market. Over two decades, his adept management of financial operations and commitment to excellence have underpinned the company's growth and resilience.
Beginning his journey at Constellation Brands in 2004 as a Director of Global Accounting, McCorry quickly established himself as a pivotal player in shaping the company's financial landscape. His sharp analytical skills and attention to detail propelled him to the Vice President of Global Accounting role, where he revolutionized the company's accounting processes and significantly shortened the financial close cycle by eight days. This improvement enhanced the efficiency of financial operations and increased the timeliness and reliability of economic data across the organization.
McCorry's tenure in this role also saw him lead the development of robust internal controls and the implementation of a new global ERP system, which streamlined Constellation's financial reporting and improved compliance with US GAAP. His initiatives to centralize global intercompany transactions reduced errors and improved the accuracy of financial reports, setting a new standard for fiscal management within the company.
In 2012, McCorry took on the role of Vice President of Financial Planning & Analysis for Constellation's Wine & Spirits division. Here, he was instrumental in redefining the financial strategy for a segment that generated $2.7 billion in profit. His strategic foresight in adopting a zero-based budgeting approach transformed the division's budget management, providing clearer visibility into spending and enabling more strategic allocation of resources.
McCorry's initiatives during his tenure in Wine & Spirits included the centralization of significant non-price investments and the implementation of advanced forecasting tools that integrated sales, operations, and market data. These tools greatly enhanced the accuracy of financial forecasts, enabling more effective decision-making and helping the division adapt to dynamic market conditions.
Ascending to the role of Senior Vice President and Chief Financial Officer of the Beer Division in 2021, McCorry faced the challenge of managing Constellation's most prominent business unit. Under his financial stewardship, the division saw a reduction in planned capital investments by $1.5 billion over three years, a testament to his ability to align investment strategies with operational needs and market demand.
McCorry's strategic initiatives optimized resource allocation and strengthened the division's profitability and market position. He implemented a comprehensive cost-efficiency strategy that addressed cost inflation and improved margins, ensuring sustainable growth and operational excellence.
Beyond his financial acumen, Thomas McCorry is committed to fostering a culture of innovation and collaboration. His introduction of the expatriate program in the finance department enhanced global collaboration and knowledge sharing, leading to increased employee engagement and reduced turnover. This initiative is part of his broader strategy to build a more dynamic and responsive financial organization.
McCorry's leadership extends to enhancing integrated business planning processes across Constellation, improving strategic alignment and operational responsiveness. His efforts have ensured that financial planning supports and drives strategic business objectives, reinforcing Constellation Brands' position as a leader in the competitive global beverage industry.
McCorry's impact extends beyond corporate success; he is deeply involved in community service and philanthropy. He serves on the board of Villa of Hope, a nonprofit organization dedicated to helping youth and families overcome and cope with mental health and substance abuse issues. Additionally, McCorry is active in the Catholic Family Center and supports education through the McCorry Impact Scholarship at SUNY Geneseo.
His commitment to social causes is also evident in his volunteer work, particularly at House of Mercy, where he assists in providing meals to people experiencing homelessness. These efforts reflect his belief in giving back to the community and using his resources to make a positive impact.
Educationally, McCorry is grounded in a solid academic background, holding a Bachelor of Science in Accounting from SUNY Geneseo and a CPA certification from New York State. His commitment to continuous learning led him to complete an Executive Development Program at Dartmouth College in 2012, enhancing his leadership skills and strategic thinking.
Raised in Brooklyn, New York, and the youngest of six children, McCorry's upbringing instilled in him the values of hard work and community service. He enjoys spending quality time with his wife, Jennifer, and their children. His interests in running and traveling, particularly to the beach, provide him with balance and rejuvenation.
Thomas McCorry’s extensive career at Constellation Brands exemplifies his profound impact as a financial leader and strategic thinker. His approach to economic management and commitment to innovation and community involvement have propelled Constellation Brands to the forefront of the beverage industry and set a benchmark for future leaders. McCorry's legacy is transformative leadership, enduring commitment to growth, and a profound dedication to making a difference in business and society.