About

About Thomas M. McCorry

Thomas M. McCorry’s professional journey spanned over two decades, with a distinguished career at Constellation Brands, one of the world’s leading beer, wine, and spirits producers. Known for its iconic brands like Corona, Modelo, Robert Mondavi, and Svedka, Constellation Brands provided a dynamic platform for him to contribute significantly to various financial leadership roles. His extensive career with the company is marked by an impressive array of achievements across multiple disciplines, including accounting, finance, strategy, risk management, and financial controls.

Throughout his tenure, McCorry was instrumental in driving business results and enhancing operational efficiency. His expertise encompassed a broad range of key areas such as financial planning and analysis, strategic planning, accounting (US GAAP), risk management, valuations, process improvement, and leadership development. Whether optimizing financial processes or implementing robust internal controls, his efforts consistently contributed to the company’s bottom line, establishing him as a leader who could turn complex financial challenges into tangible business outcomes.

A Bespoke Career with Constellation Brands

VP of Global Accounting

McCorry’s journey at Constellation Brands began in 2004 when he joined as a Director before rising to Vice President of Global Accounting. In this capacity, he oversaw the global consolidated accounting close process for a publicly traded company worth $3.6 billion. He successfully streamlined operations by reducing the time to close financial reports by eight days while maintaining the quality and compliance of financial reporting. His efforts exceeded operational efficiency, as he developed global cash flow reporting processes that significantly cut preparation time by 10 days.

His contributions were pivotal in reducing the company’s reliance on external consultants by performing in-depth accounting research on complex transactions, including acquisitions, divestitures, joint ventures, and derivative instruments. McCorry led the fair value purchase price allocations for significant investments, including several $1 billion+ transactions, ensuring that Constellation Brands adhered to global accounting policies and procedures. His leadership also helped centralize the company’s intercompany transaction processing, eliminating errors and enhancing processing speed. These initiatives improved the overall effectiveness of the finance and accounting functions, ensuring compliance and operational efficiency globally.

VP of FP&A – Wine & Spirits

In 2012, McCorry transitioned to Vice President of Financial Planning & Analysis (FP&A) for the Wine & Spirits division, overseeing the financial strategy for the U.S. Wines & Spirits business, which generated $2.7 billion in profit. His leadership in this role helped shape the annual strategic and financial planning processes, ensuring alignment between economic goals and business objectives.

Two years later, McCorry took on the role of Vice President of Commercial Finance for Wine & Spirits, where he focused on driving revenue growth and optimizing the brand mix. He was responsible for implementing a zero-based budgeting process and centralizing approximately $150 million in non-price investments, which helped streamline financial operations and align the business with its commercial priorities. His leadership was instrumental in creating a stronger connection between economic performance and the company’s broader goals, providing the sales leadership team with key insights and actionable financial data.

During this time, McCorry also implemented a cloud-based forecasting solution that combined regional sales, supply chain, and historical data into dynamic monthly forecasts. This innovation improved forecast accuracy, ensuring better alignment between the company’s operations and financial objectives. Furthermore, he restructured the sales finance organization, creating a shared services model that streamlined processes and supported growth, all without increasing headcount.

Senior Vice President & Chief Financial Officer, Beer Division

From 2021 until late 2023, McCorry served as the Senior Vice President and Chief Financial Officer of Constellation’s Beer Division, which generated $8 billion in annual revenue and nearly $3 billion in profit. In this capacity, he led transformative initiatives to optimize capital investment and improve operational efficiency across the division. One of his key achievements was reducing planned capital investments by $1.5 billion over three years by aligning commercial demand with supply chain and engineering efforts. This move saved the company significant capital and enhanced structural margins by 30 to 40 basis points.

McCorry’s leadership in improving visibility and decision-making processes was equally impactful. He developed a multi-year cost efficiency strategy across the company’s $3 billion operational footprint, mitigating cost inflation and driving sustainable margin improvements. In addition, he formalized a new governance structure for capital planning and approval, ensuring enhanced oversight and better resource allocation.

Strengthening Global Collaboration and Engagement

Beyond improving financial outcomes, McCorry’s efforts to enhance cross-border collaboration within the finance organization were vital in fostering a more engaged and productive workforce. He led the introduction of an expatriate program, which improved employee engagement and development, resulting in a notable increase in engagement scores and a reduction in turnover. His initiatives improved employee satisfaction, helped lower recruiting costs, and fostered more substantial organizational alignment. His engagement with the strategy team also helped redefine the company’s global business planning process, enhancing prioritization and focus on strategic initiatives. These initiatives were crucial for positioning the company for continued growth in an increasingly competitive market.

Philanthropy and Volunteer Work

In addition to his professional success, McCorry has maintained a strong commitment to philanthropy and volunteer work. He serves as a Board Member, Table Sponsor, and Capital Contributor at Villa of Hope in Rochester, New York, an organization dedicated to supporting individuals and families affected by behavioral health, mental health, and addiction issues. He also contributes to the Catholic Family Center’s Finance Committee and sits on the Business Advisory Council at the Jones School of Business at SUNY Geneseo, his alma mater.

McCorry’s philanthropic contributions extend to the educational sector as well. He established the Impact Scholarship at SUNY Geneseo, which financially supports needy students. His charitable efforts also include supporting the Portraits of Hope Gala and the University of Rochester Medical Center and volunteering at the House of Mercy homeless shelter in Rochester, where he helps prepare and serve meals to those in need.

Education and Personal Life

McCorry graduated from SUNY Geneseo in 1997 with a Bachelor of Science in Accounting. His educational background was further strengthened by becoming a Certified Public Accountant in 2001 and completing an Executive Development Program at Dartmouth College in 2012.

Originally from Brooklyn, New York, he is the youngest of six children. He attended Our Lady of Angels Catholic School and graduated from Xaverian High School.

Outside his professional and philanthropic endeavors, McCorry enjoys spending time with his family, including his wife, Jennifer, and their two children, Ainslie and Claire. He is an avid runner and enjoys traveling, particularly beach vacations, and spending quality time with his family and their yellow lab, Rocky.

Thomas M. McCorry’s career exemplifies leadership, financial expertise, and a deep commitment to business excellence and social responsibility. Through his strategic contributions at Constellation Brands and philanthropic efforts, he has made a lasting impact in the corporate world and positively influenced his community. His dedication to continuous improvement, both in business and personal life, makes him a role model for future leaders in the industry.