Boston Beer Company founder Jim Koch is set to reclaim the CEO position after Michael Spillane announced his resignation to focus on personal matters. Spillane, who is 65, will officially step down on August 15 but will remain involved as a board member and will continue to offer advisory support until March 2026.

Koch, who founded the company in 1984 and served as CEO until 2001, has consistently been a key figure in the company. He currently holds the title of chairman and has remained actively engaged in investor presentations and public appearances. Despite being a publicly traded company, Koch has maintained significant control through a unique voting share structure.

Spillane previously served as a Nike executive and had been with Boston Beer for about 18 months, taking over from Dave Burwick amid challenges in the craft beer industry, where smaller breweries were consolidating due to declining demand. During his tenure, Boston Beer’s shares dropped by nearly 40 percent. However, the company reported a significant financial recovery in the first half of the year, with a 3.6 percent increase in net revenue and over a 30 percent increase in net income compared to 2024.

Boston Beer has expanded its offerings beyond its original Samuel Adams beers, now encompassing brands like Dogfish Head, Twisted Tea, Angry Orchard, HARD MTN DEW, and Truly hard seltzer, employing around 2,500 individuals, including about 500 in Massachusetts.