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Boston Beer director Jay Margolis to retire

Boston Beer CompanyThe Boston Beer Company, brewers of Samuel Adams beers, announced that Jay Margolis will not stand for re-election as a director at the end of his current term.

Mr. Margolis is Chairman of Intuit Consulting LLC, a consulting firm specializing in retail, fashion, and consumer products located in Watermill, New York.

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In July 2016, Mr. Margolis joined the Board of Directors for Bain Capital Specialty Finance Inc., a venture capital firm based in Boston, MA.

From February 2013 to March 2015, he was Chairman and CEO of Caché, Inc., a publicly-held specialty chain of women’s apparel stores headquartered in New York.

From August 2008 to April 2014, Mr. Margolis served on the Board of Directors of Godiva Chocolatier Inc., a privately-held, high-end specialty chocolate manufacturer and retailer, with its North American headquarters located in New York, New York.

From October 2005 through July 2007, Mr. Margolis served as the President and CEO of the Apparel Group of Limited Brands located in Ohio.

Before assuming that position, he had been President and Chief Operating Officer of Massachusetts-based Reebok, Inc. since 2001, where he also served as a Director.

Mr. Margolis became a Director in 2006. Mr. Margolis has served on Company's Compensation and Nominating/Governance Committees since May 2006 and re-joined the Audit Committee in May 2013, after having previously served on the Audit Committee from May 2006 to December 2007.


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