Worcester Business Journal

4 Worcester Business Journal | February 5, 2024 | wbjournal.com I N B R I E F New president "Mary's proven track record, dedication, and strategic vision make her the ideal candidate for this role. We are especially proud to break the proverbial glass ceiling by appointing the first female president in Country Bank's 174-year history." James Phaneuf, board chair of Ware-based Country Bank, on the appointment of Mary McGovern as the first woman to be president of the bank. McGovern (pictured) is taking over the president's role from Paul Scully, who is remaining as the company's CEO. New CEO "Manny's extensive and highly relevant experience make him the ideal person to lead Fallon Health at this point in its history and in support of its strategy to predominantly focus on government markets." Frederick Misilo, board chair of Fallon Health, on the appointment of Manny Lopes as the Worcester insurer's next CEO, effective July 1, replacing the retiring Richard Burke. Pictured is Lopes, who is currently interim CEO for Fenway Health, a Boston-based healthcare organization focusing on the needs of the LGBTQ+ community. Former CEO "Shacey's time with us is marked by her visionary and inspiring leadership, which has been instrumental to our growth trajectory. Her legacy … leaves an incredibly positive mark on our company's journey." Timothy Scannell, chairman of Athol medical device manufacturer Insulet, on the retirement of Shacey Petrovic from the public company's board, her last official role at the organization she led as president and CEO from 2019-2022. When she stepped down from the role, Petrovic (pictured) was the only female CEO of a Central Massachusetts public company. BY ERIC CASEY WBJ Staff Writer T he oldest cra brewery in Central Massachusetts will soon be under new ownership, as FinestKind Brewing, the owners of New Hampshire's Smuttynose Brewing, had purchased Wachusett Brewing in Westminster. e move, which was first reported by the Boston Globe on Jan. 19 and formally announced in a Smuttynose- issued press release on Jan. 22, allows Smuttynose to double its revenue and solidify itself as one of the largest players in the Northeast cra beer market, according to the company. Financial terms were not disclosed. "is acquisition is a strategic step in our market expansion," Steve Kierstead, CEO of Smuttynose, said in the release. "Wachusett's strong market presence and additional 15,000 beer barrels notably increase our total annual volume to over 50,000 barrels, marking a new chapter in our growth story." A beer barrel is 31 gallons and is the main way breweries measure their output. Wachusett produced 18,000 barrels in 2022, making it the fourth largest brewery in the region behind Jack's Abby Brewing in Framingham, Tree House Brewing in Charlton, and Wormtown Brewery in Worcester, according to data collected by the WBJ Research Department. is acquisition comes aer FinestKind Brewing bought Brooklyn-based cra brewery Five Boroughs Brewing in November. Hospitality settings run by Wachusett Brewing, which include a taproom in Westminster and a brew yard in the Worcester Public Market, will continue to operate under their ownership. Smuttynose told WBJ that 90% of Wachusett's employees will stay with the company following the acquisition. Wachusett told WBJ in a business survey it had 180 employees as of May 2023. Wachusett Brewing was incorporated in 1993 in the early days of the nation's cra beer revival and expanded its operations to its Kelley Square brew yard in 2019. Wachusett Brewing bought by New Hampshire cra beer company PHOTO | GRANT WELKER W The Wachusett Brew Yard at the Worcester Public Market off Kelley Square

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